President Donald Trump criticized the Federal Reserve after a dramatic downward revision of 911,000 jobs by the Bureau of Labor Statistics. He argued that the Fed's failure to raise rates in early 2021 based on their own data has worsened the economic situation. Trump called for modern sources of information to be utilized, slamming Fed Chair Jerome Powell's framework as outdated. Venture capitalist Chamath Palihapitiya echoed Trump's sentiments, claiming the Fed is now "firmly behind the curve" and lacks a coherent plan. This has sparked debate among economists and investors about the state of the U.S. labor market and the future of Federal Reserve policy. Trump's critique reflects a growing concern about the effectiveness and decision-making of the central bank, as the economy navigates uncertainty and potential repercussions.