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Fed Chair Powell worried about hiring slowdown — a sign more rate cuts are coming
New York Post·2025-10-14 16:56

A sharp slowdown in hiring poses a growing risk to the US economy, Federal Reserve Chair Jerome Powell said Tuesday, a sign that the Fed will likely cut its key interest rate twice more this year.Powell said in written remarks that despite the federal government shutdown cutting off official economic data, “the outlook for employment and inflation does not appear to have changed much since our September meeting,” when the Fed reduced its key rate for the first time this year.Fed officials at that meeting al ...