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Associated Press

Slowdown in US Hiring Suggests Economy Still Needs Rate Cuts, Fed's Powell Says

2025-10-14T163226Z_1254283008_RC2WTGAZZNC4_RTRMADP_3_USA-FED-POWELL-JOBS

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The Associated Press

12:16 JST, October 15, 2025

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.

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