Odaily Planet Daily reports that Nick Timiraos, often referred to as the "Federal Reserve mouthpiece," commented on Federal Reserve Chairman Jerome Powell's speech, saying, "Powell's press conference indicates that the FOMC, as a whole, does not agree with the market's high pricing in a December rate cut." Powell stated, "We have very different views on how to act in December." He emphasized that a December rate cut "should not be seen as a done deal. In fact, it is far from it." This goes beyond their usual disclaimer that "policy does not follow a predetermined path," and is clearly an effort to regain some policy flexibility to avoid being forced to take a specific action. What if there is no government data to help clarify the economic situation? Powell pointed out that this means there is a "very high level of uncertainty, which could be a reason for cautious action." (Jinshi)