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CEA Chair Phelan says the Fed's rate hike 'was a mistake

Council of Economic Advisers Chairman Christopher Phelan tells Yahoo Finance's Jennifer Schonberger the September jobs report, which showed 29,000 jobs added according to the Labor Department, was better than it looks, and that the unemployment rate barely moved as more people joined the labor force
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Technology in Business broke the news on Friday, October 2, 2026.
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