Federal Reserve Chair Jerome Powell said Tuesday, Oct. 14 that a sharp slowdown in hiring poses a growing risk to the U.S. economy, suggesting the central bank is likely to cut interest rates twice more this year.
Read MoreThe Federal Reserve cut its benchmark interest rate by a quarter-point Wednesday, Sept. 17, its first reduction since December, as policymakers shifted focus from inflation to a weakening job market.
Read MoreU.S. job growth slowed sharply in August, with employers adding just 22,000 positions as hiring momentum continued to fade under the weight of high interest rates and uncertainty over Pres. Donald Trump’s economic policies.
Read MoreThe Federal Reserve kept its benchmark interest rate unchanged Wednesday, March 19, and restated its expectation of two rate cuts this year, despite growing uncertainty about the economic outlook.
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