According to online reports, Nick Timiraos, the "mouthpiece of the Federal Reserve", recently wrote: Federal Reserve Chairman Powell said that even after last week's interest rate cut, he still believes that the Federal Reserve's interest rate stance is "still slightly tight," which means that if officials continue to judge the recent labor market The weakness outweighs the setback in inflation, there will still be more room for interest rate cuts this year. Powell generally reiterated his views at a news conference after last week's interest rate cut. He highlighted the challenges faced by the Fed in achieving its twin goals of maintaining low inflation and stability and promoting a healthy labor market. "Two-way risk means there is no risk-free path. Interest rates too much and too fast may keep inflation closer to the 3% target rather than the Fed's 2% target, while maintaining a restrictive policy stance for too long may unnecessarily weaken the labor market," Powell said. Powell also reiterated his view that slowing job growth this summer made last week's policy shift necessary to focus more on the labor market than earlier this year. A slightly tight interest rate setting puts the Fed in a good position to cope with potential economic developments.