Federal Reserve Chairman Jerome Powell speaks during a news conference following the Federal Open Market Committee meeting, Wednesday, Sept. 17, 2025, at the Federal Reserve Board Building in Washington. (AP Photo/Jacquelyn Martin)

Slowdown in U.S. hiring suggests economy still needs rate cuts, Fed’s Powell says

by The Associated Press October 14, 2025

written by The Associated Press October 14, 2025

By Christopher Rugaber 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 more this year. Powell said in written remarks that despite ...

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Slowdown in U.S. hiring suggests economy still needs rate cuts, Fed’s Powell says

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