“To say to low-income people, ‘I know you’re getting hurt by higher goods prices. We’re going to charge you more for interest rates too. It’ll be good for you in the long run.’ I think that’s crazy,” Rieder said.He cited jobs data issued by the U.S. Bureau of Labor Statistics earlier in the day to support the call. It revised nonfarm payrolls data for the year ended in March 2025 down by 911,000 jobs, relative to its original estimates. That put total jobs added during the year at roughly 880,000.The unempl ...