Powell Signals Potential Rate Cuts Amid Economic Risks and Hiring Slowdown
TL;DR Summary
Federal Reserve Chair Jerome Powell indicated that a slowdown in US hiring suggests the economy still needs rate cuts, with expectations of two more cuts this year, and discussed the Fed's asset purchase policies and their impact on inflation and market stability.
- Slowdown in US hiring suggests economy still needs rate cuts, Fed’s Powell says AP News
- Powell Keeps Fed on Track to Lower Rates Again The Wall Street Journal
- With inflation and jobs in ‘tension,’ Powell warns of the Fed’s tightrope on interest rates CNN
- Fed's Powell addresses economy pulled between risks to growth, jobs and prices Reuters
- Fed Chair Powell says hiring slowdown poses economic risks, hinting at more rate cuts ahead CBS News
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