Jerome Powell told Philadelphia on Tuesday that “the risks to employment have increased” -the strongest indication that Fed officials estimate that they have enough evidence to support a further reduction in interest rates by 0.25%.

The Fed president added that, even without the new details of the Office of Labor Statistics -which were delayed due to the closure of the federal government -private labor market data, as well as Fed’s internal research, provide sufficient reasons to show that the labor market is in recession, the Financial Times notes.

“Available data” show that “both redundancies and recruitment remain low,” the Fed president said, while “households’ perception of job availability and business perception of difficulty recruitment continues their downward trend.”

Data from the ADP payroll provider showed that the companies fired 32,000 employees in September.

Comments suggest that Powell is becoming more forgiving in monetary policy, even if many economists are worried that Trump’s duty policy will cause a new wave of inflation throughout the US economy.

Last month, the Central Bank reduced the borrowing costs for the first time since December.

The next meeting will take place on October 28-29. Investors have bet largely in another reduction by 25 basis points.

In addition, Powell noted that the Central Bank’s long -standing effort may be approaching the end of its portfolio, more widely known as quantitative tightening or QT.