US Jobs Concern: Jerome Powell Sees Rising Unemployment Risks; Federal Reserve May Cut Rates Twice More This Year - The Times of India

Fed Chair Powell says hiring slowdown poses economic risks, hinting at more rate cuts ahead

Powell said the labor market's outlook hasn't changed much since the central bank's September meeting, when it penciled in two more rate cuts this year.

US jobs concern: Jerome Powell sees rising unemployment risks; Federal Reserve may cut rates twice more this year - The Times of India

Federal Reserve Chair Jerome Powell indicated potential further interest rate cuts this year due to a slowing US job market, suggesting two more reductions are possible. He acknowledged concerns about employment risks outweighing inflation, and hinted at an end to the Fed's balance sheet reduction. Powell also defended past pandemic-era asset purchases, admitting they could have concluded sooner.

US job slowdown signals need for rate cuts, Powell says

WASHINGTON — 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...

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

Federal Reserve Chair Jerome Powell says that a sharp slowdown in hiring poses a growing risk to the U.S. economy

Bitcoin Rebounds to $112,000 as US Fed Chair Hints at Rate Cuts

After a brief sell-off, the crypto market saw renewed stability as traders reacted to Federal Reserve Chair Jerome Powell’s comments suggesting potential rate easing. Bitcoin recovered to the $112,000 mark (roughly Rs. 98.9 lakh), while Ethereum hovered near $4,000 (roughly Rs. 3.5 lakh). Analysts said Powell’s remarks helped restore optimism, despite lingering concerns over global trade tensions and inflationary pressures.