According to online reports, Federal Reserve Chairman Powell said that although the Fed "can see that the labor market may be slowly and continuing to cool down," considering the current strong labor force participation rate and good wage growth, this cooling is not cause for concern. "Although uncertainty about the economic outlook has declined, it is still at a high level," he said. As long as he sees the current labor market conditions, coupled with more reasonable economic growth and gradually falling inflation, Powell said he is willing to continue to wait for more information before deciding on the next step.