The Fed’s Job Isn’t Finished Until Hiring Comes Back

The hard work of stabilizing the economy is beginning to pay off. Inflation has eased, productivity has strengthened, and cost pressures are receding across key sectors. The next and more consequential test is whether that progress translates into jobs. Small businesses, the engine of private-sector employment, are prepared to invest and hire, but only if capital becomes more accessible and affordable. The Federal Reserve's next policy decision will determine whether this expansion reaches Main