Odaily Planet Daily reports that "Federal Reserve Voice" Nick Timiraos' latest article: Federal Reserve Chairman Powell said that even after last week's rate cut, he still believes the Fed's interest rate stance "remains slightly tight," meaning there is room for more rate cuts this year if officials continue to judge that recent labor market weakness outweighs inflation setbacks. Powell generally reiterated the views he expressed at the press conference after last week's rate cut. He emphasized the challenges the Fed faces in achieving its twin goals of maintaining low and stable inflation and promoting a healthy labor market. Powell said: "Two-way risks mean there is no risk-free path. Cutting rates too much, too quickly could keep inflation close to 3% rather than the Fed's 2% target, while maintaining a restrictive policy stance for too long could unnecessarily weaken the labor market." Powell also reiterated his view that the slowdown in job growth this summer made last week's policy shift necessitate more attention to the labor market than earlier this year. The slightly tight interest rate setting puts the Fed in a good position to respond to potential economic developments. (Jinshi)