The economy got a boost last quarter from resilient consumer spending and the restocking of supplies by businesses.
Recent data suggests a recession may be less likely than previously feared -- but some firms seem to be copying each other's layoff strategies.
CEO Satya Nadella pointed to widespread fears of recession and a downturn in consumer demand, which have led to similar cutbacks by other tech giants.
The Treasury secretary said inflation is showing signs of easing and is on track to be lower by the end of 2023.
Republican lawmakers may balk at providing extra unemployment insurance benefits.
Republicans dismissed the positive third-quarter GDP report after treating the first two negative quarters as gospel.
"Is the abortion issue important? Yes. But we have also got to focus on the struggles of working people to put food on their table," the senator said.
September’s slightly more moderate pace of hiring may be welcomed by the Fed, which has been trying to tame high inflation without causing a recession.
Kristalina Georgieva, the IMF's managing director, said the Russian invasion of Ukraine has dramatically changed the institution's projections on the economy.
Powell spoke more candidly than before about the economic risks of hiking interest rates in order to reduce inflation.