Cointime news, Pimco global economic advisor and former Federal Reserve Vice Chairman Richard Clarida stated in a report that the Federal Reserve seems poised to lower policy interest rates in the near future, although it will adopt a cautious approach. Powell's highly anticipated speech at the Jackson Hole annual symposium last week did not disappoint the markets, and the Federal Reserve's introduction of a revised monetary policy framework also did not surprise Fed watchers. In the long term, the Federal Reserve reaffirmed its commitment to its dual mandate, while only providing slight clarifications to its monetary policy framework.