Hear what the Fed is worried about
CNN · Just In
CNN
Just In
The job market is on such shaky ground that the Federal Reserve may soon need to cut interest rates, Fed Chair Jerome Powell said at annual economic symposium. CNN’s Vanessa Yurkevich explains how the Fed is looking at the current US economy.
Breakdown
- Jerome Powell noted tariffs are affecting prices and the labor market is unusually tight. 5s
- Powell said the Fed's goals of price stability and full employment are in tension. 16s
- He suggested a rate cut may be warranted if employment risks increase. 28s
- President Trump announced plans to fire Fed Governor Lisa Cook amid a DOJ probe. 50s
- Powell did not comment on the situation with Lisa Cook, highlighting pressures on the Fed. 1m 10s