Fed chair Powell hints at rate cut as inflation and jobs pressure economy

Fed chair Powell hints at rate cut as inflation and jobs pressure economy

Inflation has crept higher in recent months though it is down from a peak of 9.1% three years ago. Tariffs have not spurred inflation as much as some economists worried, but they are starting to lift the prices of heavily imported goods such as furniture, toys, and shoes

US Federal Reserve chairman Jerome Powell. File image/AP