Powell says US job market is cooling, a possible signal for interest rate cut
![Powell says US job market is cooling, a possible signal for interest rate cut](https://www.expressandstar.com/resizer/_5RqByfUCDv_rzRgfohBeAyLJjQ=/cloudfront-us-east-1.images.arcpublishing.com/mna/J7XOY3YHKBD6DAETOOO4UKJYFM.jpg)
Congress has given the Fed a dual mandate: To keep prices stable and to promote maximum employment.
US Federal Reserve chair Jerome Powell has reinforced a message that the Fed is paying growing attention to a slowing job market and not only to taming inflation, a shift that signals it is likely to begin cutting interest rates soon.