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

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Federal Reserve Chair Jerome Powell on Tuesday emphasized that a sharp slowdown in hiring poses a growing risk to the U.S. economy, a sign that the central bank will likely cut its key interest rate twice more this year.  Powell, who spoke today before the National Association of Business Economics in Philadelphia, said that despite the federal government shutdown cutting off official economic data, "the outlook for employment and inflation does not appear to have changed much since our

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