Fed's Powell highlights slowing job market in signal that rate cuts may be nearing
The Federal Reserve faces a cooling job market as well as persistently high prices, Chair Jerome Powell said in written testimony Tuesday, a shift in emphasis away from the Fed's single-minded fight against inflation of the past two years that suggests it is moving closer to cutting interest rates.
8 across the spectrum · tap a section to jump
Left
2 viewpointsFed Chair Powell talks up progress on inflation but says rate cuts not imminent yet
Fed's Powell highlights slowing job market, signaling that rate cuts may be near
Center
5 viewpointsFederal Reserve's Powell says US making 'modest' progress on inflation
Right
1 viewpointFed's Powell highlights slowing job market in signal that rate cuts may be nearing
Fed's Powell says more 'good' inflation data would bolster the case for rate cuts
Other outlets
International, entertainment and tech outlets, by their rating. Not counted in the bar above. How we count coverage
Left
1 articleUS Fed’s Powell cites slowing job market in signal rate cuts may be coming
Center
0 articlesNone
Right
0 articlesNone