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The risks of the Federal Reserve moving too far with interest rate hikes, and slowing the economy more than necessary, have become “more balanced” with those of not moving high enough to control inflation, Fed Chair Jerome Powell said on Friday in remarks reaffirming the central bank’s intent to be cautious in its upcoming monetary policy decisions.

Noting that a key measure of inflation averaged 2.5% over the six months ending in October, near the Fed’s 2% target, Powell said it was clear that monetary policy was slowing the economy as expected with a benchmark overnight interest rate “well into restrictive territory.”

“The full effects of our tightening have likely not yet been felt. The forcefulness of our response to inflation also helped maintain the Fed’s hard-won credibility, ensuring that the public’s expectations of future inflation remain well-anchored,” Powell said in remarks at Spelman College in Atlanta. “Having come so far so quickly, the (Federal Open Market Committee) is moving forward carefully, as the risks of under- and over-tightening are becoming more balanced.”

Powell reiterated, as his colleagues have in recent weeks, that it was still too early to declare the Fed’s inflation fight finished, with prices rising 3.0% annually by the measure the central bank uses to set its target.

Prices as of October were up 3.5% when stripped of food and energy costs, a measure the Fed sees as a better guide of inflation’s trend.

“We are prepared to tighten policy further if it becomes appropriate to do so,” he said.

But his remarks also reflected increased confidence that the current 5.25%-5.50% policy rate may well be adequate to complete the job.

The Fed meets on Dec. 12-13 and is expected to leave its benchmark rate unchanged for the third meeting in a row.

Powell also fielded questions after his speech in a conversation with Spelman College President Helene Gayle.

The Fed chief said policymakers still regard the uncertainty in the economic outlook to be “unusually elevated,” one factor in their insistence that rates may still need to rise.

But he also said that the broad outlines of the hoped-for “soft landing” seemed to be falling into place, with the job market still strong even as growth in spending and output slows and price pressures abate.

“My colleagues and I anticipate that growth in spending and output will slow over the next year, as the effects of the pandemic and the reopening fade and as restrictive monetary policy weighs on aggregate demand,” Powell said.

“The pace at which the economy is creating new jobs remains strong, and has been slowing toward a more sustainable level … Wage growth remains high, but has been gradually moving toward levels that would be more consistent with 2% price inflation over time, and real wages are growing again as inflation declines,” he said.

Shortly before Powell delivered his remarks, a key reading on the health of theUS manufacturing sectorshowed activity there remained subdued and factory employment declined.

The Institute for Supply Management’s Purchasing Managers Index has now indicated the sector has been in contraction for 13 straight months, the longest such run in more than two decades, as demand for goods continues to soften.

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Bowling Green hires Eddie George as head coach

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Bowling Green hires Eddie George as head coach

Former Heisman Trophy winner Eddie George was named the next head coach at Bowling Green on Sunday.

George agreed to a five-year deal, sources told ESPN.

His hiring came two days after George, who spent the past four seasons as the head coach at Tennessee State, was one of three finalists to interview for the position.

“Today, we add another transformative leader to this campus in Eddie George,” Derek van der Merwe, Bowling Green’s vice president for athletics strategy, said in a news release. “Our students are getting someone who has chased success in sports, art, business, and leadership. As our head football coach, he will pursue excellence in all aspects of competition in the arena. More importantly, beyond the arena, he will exemplify what excellence looks like in the classroom, in life, in business, and in relationships with people.”

George emerged as a successful head coach in the FCS at Tennessee State. This past season, he led the program to the FCS playoffs and a share of the OVC-Big South title, the school’s first league title in football since 1999.

“I am truly excited to be the head coach at Bowling Green State University,” George said in the news release. “Bowling Green is a wonderful community that has embraced the school and the athletics department. We are eager to immerse ourselves in the community and help build this program to the greatness it deserves. I am overwhelmed with excitement and joy for the possibilities this opportunity holds.”

George returns to the state where he rushed for 3,768 yards over four seasons as a running back for Ohio State, winning the Heisman Trophy in 1995.

George went on to star in the NFL for nine seasons, rushing for more than 10,000 yards. He was a 1996 first-round pick of the Houston Oilers and made his name by playing seven seasons in Nashville for the Titans, becoming the franchise’s all-time leading rusher. The Titans retired his jersey in 2019.

Tennessee State hired George despite his lack of traditional coaching experience, with the school president at the time calling the move “the right choice and investment” for the future of TSU. George has worked as an actor and entrepreneur and earned an MBA from Northwestern.

George paid back the administration’s faith by building Tennessee State into a winner, including a 9-4 season in 2024 that culminated in its first FCS playoff appearance since 2013. Tennessee State lost to Montana in the first round.

George’s hire at TSU continued the trend of former star players being hired at historically Black colleges and universities. Jackson State made the biggest splash in hiring Deion Sanders, who went on to a successful stint at Colorado. Michael Vick’s hire at Norfolk State and DeSean Jackson’s hire at Delaware State continued that trend in the current hiring cycle.

George will replace Scot Loeffler, who left the school to become the quarterbacks coach of the Philadelphia Eagles.

Bowling Green has become one of the top coaching springboards of this generation, with Urban Meyer, Dave Clawson and Dino Babers all advancing from the school to power conference jobs. Loeffler went 27-41 over six seasons, a run that included bowl appearances in each of the past three seasons.

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Top 2027 DE recruit Wesley reclassifies to 2026

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Top 2027 DE recruit Wesley reclassifies to 2026

Defensive end prospect Richard Wesley, one of the nation’s top recruits in the 2027 high school class, has reclassified into the 2026 cycle and will sign with a college program later this year, he told ESPN on Friday.

A 6-foot-5, 245-pound pass rusher from Chatsworth, California, Wesley completed his sophomore season at Sierra Canyon (California) High School this past fall. His move marks the latest high-profile reclassification in the current cycle, following wide receiver Ethan “Boobie” Feaster (No. 21 in the ESPN Junior 300), tight end Mark Bowman (No. 23), running back Ezavier Crowell (No. 29) and cornerback Havon Finney Jr. (not ranked) in the line of the elite former 2027 prospects to reclassify into the 2026 class since the start of the new year. 

ESPN has not yet released its prospect rankings for the 2027 class, but Wesley is expected to slot in among the nation’s top five defensive line recruits in 2026. He took unofficial visits to Oregon and Texas A&M in January and holds a long list of offers across the SEC, Big Ten and ACC. 

Following his reclassification, Wesley told ESPN he will take trips to Ohio State, Georgia, Texas, Miami, Oregon, USC, Ole Miss and Texas A&M across March and April before finalizing a slate of official visits for later this spring.

“I really can’t say what the future holds for me,” Wesley said. “I’m excited for more opportunities to go talk with these coaches and see what they’re about. I’m really open to everyone that’s offered me and who really wants me in their program.”

Wesley emerged as one of the nation’s most coveted high school defenders after he totaled 55 tackles and 10 sacks in his freshman season at Sierra Canyon in 2023. He followed this past fall 44 tackles (16 for loss) with nine sacks and four forced fumbles as a sophomore.

The rash of reclassifications into the 2026 class comes after a series of top prospects opted to reclassify during the 2025 recruiting cycle, headlined by five-star recruits Julian Lewis (Colorado) and Jahkeem Stewart (USC) and Texas A&M quarterback signee Brady Hart. Wesley told ESPN that his decision to enter college early was motivated by conversations with college coaches and his belief that he will be physically ready to compete at the next level by the time his junior season ends later this year. 

“All the colleges I talk to have shown me their recruiting boards and told me I’m at the top of their list at the position regardless of class,” Wesley said. “They’ve told me good things and they’ve told me the things I need to work on. I need to work on my violence. I’ve been grinding at that every single day.”

Wesley now joins a talented 2026 defensive end class that features 11 prospects ranked inside the top 100 in the ESPN Junior 300. 

Five-star edge rusher Zion Elee, ESPN’s No. 1 defender in the class, has been committed to Maryland since this past December and closed his recruitment last month. JaReylan McCoy, a five-star prospect who decommitted from LSU in February, and four-stars Jake Kreul (No. 19 overall) and Nolan Wilson (No. 54 overall) stand among the cycle’s top uncommitted defensive ends.

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Big 12 moves 10 games to Friday night in 2025

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Big 12 moves 10 games to Friday night in 2025

IRVING, Texas — The Big 12 has moved six of its conference football games to Friday nights next fall, along with another matchup of league teams that won’t count in the standings.

Those were among the 10 games involving Big 12 teams selected Friday by the league’s television partners, ESPN and Fox, for Friday night broadcasts. There will be two games on three of those nights.

On the opening weekend of the season, Baylor will host SEC team Auburn and Colorado will be home against ACC team Georgia Tech on Aug. 29. Arizona plays at Arizona State and Utah is at Kansas on Nov. 28, the day after Thanksgiving.

There will also be two games Sept. 12, with Colorado at Houston and Kansas State at Arizona. That matchup of Wildcats won’t count in the Big 12 standings since it was part of a preexisting schedule agreement between the two teams before the league expanded to 16 teams last year.

The other four Friday night games are Tulsa at Oklahoma State (Sept. 19), TCU at Arizona State (Sept. 26), West Virginia at BYU (Oct. 3) and Houston at UCF (Nov. 7).

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