Jerome Powell says the Gen Z hiring nightmare is real: ‘Kids coming out of college…are having a hard time finding jobs’

"You've got a low firing, low hiring environment" in the economy right now. When asked if it's AI, Powell shrugged: "there may be something there." ... Read More

Jerome Powell highlights challenges for Gen Z graduates entering workforce

Gen Z is confronting a challenging employment market as joblessness rises among recent graduates, especially men, while Black unemployment increases 7%. Federal Reserve Chair Jerome Powell cites that ... Read More

Fed chair Powell notes Gen Z workers struggling to get hired

Fed Chair Jerome Powell warns that Gen Z faces tough job prospects amid a slowing economy and rising AI impact. Read More

Fed Chair Powell Says AI Probably a Factor in Concerning Unemployment Rates

In a press conference on Wednesday, Fed Chair Jerome Powell was asked whether he thinks AI has any effect on this trend. Powell said that although there is still great uncertainty over that link, he ... Read More

Fed Chair Jerome Powell is worried about the job market. Here are 3 red flags for workers.

Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets ... Read More

Powell sparks market jump

Federal Reserve Chair Jerome Powell signaled that slowing job growth and broader economic uncertainty could justify lowering the central bank’s benchmark interest rate. While he stopped short of ... Read More

Fed Chair Powell says inflation, hiring slowdown pose 'challenging situation'

Federal Reserve Chair Jerome Powell on Friday said the central bank faces a "challenging situation" as a hiring slowdown coincides with tariff-driven price increases, putting pressure on both sides of ... Read More

Trump Cabinet members target Jerome Powell for weak economy, August jobs numbers

It's time for the Fed and Jerome Powell to "strike a better balance" in the economy, according to secretaries Scott Bessent and Lori Chavez-DeRemer and Employco's Rob Wilson. Read More