National Economic Council Hassett: June jobs report shows the labor market remains solid

Jobs data consistent with strong economy - - Factory construction is not showing up in data yet - - No reason why growth has to cause inflation; Respect the Fed's independence - - Confident we can get great trade deal with Canada and Mexico - - Reiterates we are talking to all AI companies about sharing the upside - - US jobs are still on an upward trajectory - - Extremely unorthodox that Powell hasn’t left fed - - Concerned about Powell’s motivations staying at Fed