Federal Reserve Chair Jerome Powell on July 1 told a global audience of world bankers, economists, and academics what could prompt a long-awaited U.S. interest rate cut later this month.

Trade wars causing a hiring freeze. Artificial intelligence taking human jobs away. An immigration crackdown shrinking the pool of available workers. There’s a lot to worry about U.S. jobs market these days.

The Fed Chair on Tuesday reiterated the central bank plans to "wait and learn more" about the impact of tariffs on inflation before lowering rates.