Reported about 3 hours ago
Following a 25-basis-point interest rate cut by the Federal Reserve, Chair Jerome Powell highlighted that labor market risks significantly influenced this decision, describing it as a form of risk management. Powell noted that revisions in job growth predictions reveal a cooling labor market, prompting the central bank to consider additional rate cuts in the remaining months of 2025. The Fed remains focused on data-driven decisions while assuring its independence from political influences.
Source: YAHOO