Powell lists the factors supporting not cutting interest rates

Odaily News Fed Chairman Powell said that although the Fed "can see that the labor market may be cooling slowly and continuously", this cooling is not worth worrying about considering the current strong labor force participation rate and good wage growth. He said: "Although the uncertainty of the economic outlook has declined, it is still at a high level." As long as he sees the current labor market situation, 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 move. (Jinshi)