Former Trump economic official Gary Cohn says "we've seen the job market degrade," though it may be "temporary"

September 21, 2025

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1 min read

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CBS News

Gary Cohn, IBM vice chair and director of the National Economic Council in the first Trump term, said for companies in a "very difficult environment," cutting down on the cost of labor is "the one lever they can pull."

Washington — Gary Cohn, IBM vice chair and former National Economic Council director in President Trump's first term, said Sunday that "we've seen the job market degrade," though he noted that it may be "temporary." "The Federal Reserve itself and th... [3255 chars]

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