Federal Reserve chair Jerome Powell has expressed concern over the so-called "K-shaped" economy the U.S. is experiencing.

Powell said that Fed staffers believe federal data could be overstating job creation by up to 60,000 jobs a month—which suggests the jobs market might be shrinking.

Powell reiterated his message that there is no risk-free path for policy given the challenges to both of the Fed’s goals for prices and employment. In explaining the rate cut, the Fed chair said it appears that most of the above-target inflation seen today is driven by tariffs, and he said the labor market faces significant downside risks.

Federal Reserve Chair Jerome Powell refused to comment on the Supreme Court case that could impact President Trump's trade agenda, citing ongoing court proceedings.

The end of Jerome Powell’s term as Fed chair will give President Trump his biggest opportunity yet to reshape the central bank.

Federal Reserve Chair Jerome Powell downplayed dissenting votes against Wednesday’s decision to lower interest rates again, but a slew of finer details from the meeting revealed just how divided the central bank has become.

Powell will be otherwise occupied as the Heat will play the Nets in Brooklyn that day. But his foundation is left in the hands of his mother, Sharon Powell, sisters Margaret Powell-Smart and Joniece Benjamin, and a handful of lifelong friends from his hometown.

Investors were bracing for the Federal Reserve’s final interest-rate decision of 2025 on Wednesday, with history showing that the S&P 500 index has tended to see a modest gain on Fed days in December.