President Trump just fired the BLS Commissioner: But, the downward jobs revisions may be EXACTLY what Trump needed to get Powell to cut rates. The Fed will only cut rates if inflation sustainably falls to their 2% target OR if the labor market weakens. The -258,000 downward revision today along with the weak July number actually increased the odds of a September rate cut to 80%+. Trump has fired the commissioner in charge of producing this data, but the data absolutely helps his case for rate cuts. Markets are truly in unprecedented times.