Powell says not seeing job market weakness accelerating

Oct 29 (Reuters) - Federal Reserve Chair Jerome Powell on Wednesday said officials do not see the weakness they are observing in the job market accelerating.

Powell, speaking at a press conference following the Fed's decision to cut interest rates, said data such as new claims for jobless benefits and job openings from recruiting sites like Indeed do not suggest the job market or any part of the economy is "making any significant deterioration."

At the same time, he said job creation is very low and the job finding rate for those unemployed is also very low.