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

Business

Slowdown In Us Hiring Suggests Economy Still Needs Rate Cuts, Fed's Powell Says

By AP News

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 a speech in Philad ...Read more