Beth Hammack, president of the Federal Reserve Bank of Cleveland, tours U.S. companies to understand the state of the economy and find out about the potential for thousands of new jobs. The steelmaker's recent acquisition by Japan's Nippon Steel, a company that has been wholly owned by the company, could help revitalize the industry. Despite President Donald Trump's demands for lower interest rates, Hammack does not want to lower the interest rates that can make borrowing cheaper and create more jobs. She also highlighted the challenges of balancing jobs with inflation and rising global economic outlook. The economy is expected to add few jobs in 2025, but the unemployment rate is down to 4.3%.