Rising inflation and a weakening labor market have created a bind for the central bank, Jerome H. Powell, its chair, warned on Tuesday.

US Federal Reserve chief Jerome Powell warned Tuesday that slashing interest rates too quickly could allow inflation to remain elevated, but stressed that the central bank faces dual challenges moving

With inflation high and the labor market weakening, the Federal Reserve faces danger no matter what course of action it takes, Fed Chair Jerome Powell said. "Two-sided risks mean that there is no risk-free path,

Federal Reserve Chair Jerome Powell said Tuesday there is "no risk-free path" for the central bank's next policy move as inflation remains elevated and the job market weakens.

U.S. Federal Reserve Chair Jerome Powell said on Tuesday the central bank is in a "challenging situation" with an ongoing risk of faster-than-expected inflation at the same time that weak job growth has raised concern about the health of the labor market.