Odaily Planet Daily News: Federal Reserve Chairman Powell warned on Tuesday that the U.S. labor market showed further signs of distress, suggesting that he may be ready to support another interest rate cut later this month. "Downside risks to employment have risen," Powell noted. This is the strongest hint yet that Fed officials believe they have enough evidence to support another 25 basis point cut in U.S. borrowing costs. Powell added that even without new Bureau of Labor Statistics data (delayed due to the government shutdown), privately produced job market indicators and internal Fed research provide sufficient reasons to show that the job market is cooling. "Existing evidence" shows that "layoffs and hiring remain low," while "households' views on job opportunities and businesses' views on hiring difficulties continue to decline." These remarks indicate that Powell has become more dovish on monetary policy. (Jinshi)