The head of the Federal Reserve is hinting at more interest rate cuts. Fed Chair Jerome Powell said that a sharp slowdown in hiring poses a growing risk to the U.S. economy. And he said “the outlook for employment and inflation does not appear to have changed much since the September meeting. Those comments suggest […]
Audio
Fed Chair Powell hints at more interest rate cuts
The head of the Federal Reserve is hinting at more interest rate cuts. Fed Chair Jerome Powell said that a sharp slowdown in hiring poses a growing risk to the U.S. economy. And he said “the outlook for employment and inflation does not appear to have changed much since the September meeting. Those comments suggest that the Fed could cut its key interest rate twice more this year.