Under President Biden, according to AI, 300,000 federal jobs were added. Almost 40 per cent of those jobs were in the State Department or the Department of Health and Human Services (source here). Although a certain amount of federal jobs are necessary, they do not add a lot to the overall economy. President Trump has taken a different approach–shrinking the federal government and increasing jobs in the private sector.

On Friday, Townhall reported:

President Trump revealed at Federal Reserve Chair nominee Kevin Warsh’s confirmation hearing that “100 percent” of the new jobs created since 2025 have been in the private sector, as the Trump administration has sought to root out unnecessary bureaucrats within the federal government.

The article concludes:

This comes as Kevin Warsh is set to be confirmed to lead the Federal Reserve on Friday, with the Trump administration hoping to install someone willing to cut interest rates. The previous chair, Jerome Powell, found himself at odds with the president as he declined to lower rates amid concerns over the economy, including persistent inflation and slowing job growth. 

In an unusual move, Powell announced he will remain on the Fed’s Board of Governors, an unprecedented step not taken in nearly 80 years, citing concerns over the Fed’s independence.

I hate to be cynical, but I think Jerome Powell is staying on to make sure that the corruption in the remodeling process of the headquarters stays hidden.