US Federal Reserve Chair Jerome Powell holds a press conference after the Fed cut interest rates by quarter of a percentage point, in Washington, DC, US, Oct 29, 2025. REUTERS/Kevin LamarqueUS Federal Reserve Chair Jerome Powell holds a press conference after the Fed cut interest rates by quarter of a percentage point, in Washington, DC, US, Oct 29, 2025. The Fed on Wednesday cut interest rates by a quarter of a percentage point, as expected, as a way to temper any further weakening of the job market. Even those who have emphasized the possible weakness in the job market agree the Fed should now move carefully. "A further reduction in the policy rate at the December meeting is not a foregone conclusion.
