According to Federal Reserve Governor Jerome Powell, with the unemployment rate on the rise, the possibility of interest rate cuts is becoming increasingly likely. This move would aim to stimulate the economy and mitigate the effects of the rising jobless rate. The Federal Reserve is closely monitoring the economic indicators and is prepared to take action to ensure the stability of the financial system. As the situation develops, investors and policymakers will be closely watching the Fed's next move. The decision to cut interest rates would be a significant one, and its impact on the market and the economy would be far-reaching.