PANews August 22 news, according to Jinshi data reports, Federal Reserve Chairman Powell stated that if the tight labor market poses a risk to price stability, the Federal Reserve may need to take preemptive action. At the same time, he emphasized that merely having employment exceed the maximum sustainable level is not necessarily a reason to tighten policy. After Powell's speech, traders fully priced in that the Federal Reserve will cut interest rates twice before the end of the year.