Federal Reserve System

• Private Employers Cut Jobs in November, in Latest Sign of a Slowdown - Data from ADP, a payroll processor, is getting added attention because of delays in official statistics caused by the government shutdown.
• Fed Pick Puts Pressure on Bessent to Deliver for Trump - Treasury Secretary Scott Bessent, who is leading the search for the next Federal Reserve chair, could face President Trump’s wrath if the person chosen does not quickly lower interest rates.