The Fed's historic move, and the job market that forced it

Greg Robb, a MarketWatch reporter, shares insights after covering Fed Chair Jerome Powell’s pivotal speech. The discussion highlights a surprising interest rate cut tied to a struggling job market. Robb reveals alarming downward revisions in job creation, marking a shift from worker empowerment to employer dominance. Americans' job security concerns rise as economic conditions evolve. Additionally, the conversation looks at anticipated changes in hiring patterns and the broader implications for the economy, including housing prices and industry earnings.