Home Economy Fed Chairman Powell says ‘balance of risks has shifted‘ during Chamber luncheon

Fed Chairman Powell says ‘balance of risks has shifted‘ during Chamber luncheon

Updated at 3:38 p.m.

FEDERAL RESERVE CHAIR JEROME POWELL, in a conversation with President of the Greater Providence Chamber of Commerce Laurie White during this year's Economic Outlook Luncheon, said the recent rate cut is in part a response to a weakened labor market. /PROVIDENCE BUSINESS NEWS/CHRIS ALLEN

WARWICK – The U.S. economy may be performing well but rising concerns over a softening labor market have taken priority over a monetary policy focused solely on combating inflation, Federal Reserve Chairman Jerome Powell said during Tuesday’s 2025 Greater Providence Chamber of Commerce Economic Outlook Luncheon. Speaking at the Crowne Plaza Providence-Warwick one week after

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