Economy News While Biden Celebrates A Soft Landing, The Fed’s Powell Is Worrying

Slowdown in US hiring suggests economy still needs rate cuts, Fed’s Powell says

WASHINGTON (AP) — A sharp slowdown in hiring poses a growing risk to the U.S. economy, Federal Reserve Chair Jerome Powell said Tuesday, a sign that the Fed will likely cut its key interest rate twice ... Read More

Fed's Powell points to persistent labor market weakness as government shutdown delays official reports

Federal Reserve Chair Jerome Powell on Tuesday said that the economy continues to see a softening of the labor market despite the government shutdown delaying the release of official jobs and ... Read More

The Fed Delivers - Disinflation Should Resume Followed By Soft Landing

Shelter costs are overstated in official data; declining rents and slowing home price growth should drive measured inflation lower by 2026. With inflation easing and employment steady, the Fed can ... Read More

Fed's Powell says economy may be on firmer footing, but job market weak

Powell says Fed taking meeting-by-meeting approach to interest rate cuts Fed chief says elevated inflation partly due to impact of tariffs Hiring and layoffs remained low through September, he says ... Read More

Fed's Powell suggests tightening program could end soon, opens door to rate cuts

Federal Reserve Chair Jerome Powell said the central bank is nearing a point where it will stop reducing the size of its bond holdings, but gave no long-run indication of where interest rates are ... Read More

Slowdown in US hiring suggests economy still needs rate cuts, Fed's Powell says

WASHINGTON (AP) — A sharp slowdown in hiring poses a growing risk to the U.S. economy, Federal Reserve Chair Jerome Powell said Tuesday, a sign that the Fed will likely cut its key interest rate twice ... Read More