 Fed Reserve Chair Jerome Powell Wednesday reinforced a message that the central bank is paying growing attention to a slowing job market and not only to taming inflation, a shift that signals it's likely to begin cutting interest rates soon. On Tuesday, when Powell addressed the Senate Banking Committee, he suggested that the Fed had made considerable progress towards its goal of defeating the worst inflation spike in four decades and noted that cutting rates too late or too little could unduly weaken economic activity and employment.