DeUwah Strong hiring wouldn’t push Fed to delay rate cuts

Continued strength in the labor market wouldn’t be a reason to hold off lowering interest rates, said Federal Reserve Chair Jerome Powell.

“Strong hiring in and of itself would not be a reason to hold off on rate cuts,” he said, adding that the job market by itself is not cause for concern around inflation. Earlier, Powell said “an unexpected weakening in the labor market could also warrant a policy response.”