President Donald Trump criticized the Federal Reserve after a significant downward revision of 911,000 jobs by the Bureau of Labor Statistics. Trump blamed the central bank for missing inflation and labor trends during the post-COVID recovery, stating that if they had followed his advice, rate hikes would have occurred in early 2021. He described the Fed as broken and in need of modernizing its information sources. Trump also criticized Fed Chair Jerome Powell and rejected Ken Griffin's defense of Fed independence. Venture capitalist Chamath Palihapitiya supported Trump's views, stating that the Fed was behind the curve, lacking a clear plan and risking disaster. Economists and investors are reassessing the U.S. labor market's health in light of these developments. The article is available on Benzinga.com for further details.