Entering the election period, the interest rate cut is expected to be in December.

The most important thing for the Fed Chairman now is to hide and delay,

otherwise the new president will give him a bad face.

The interest rate cut is a "gift" to the economic system after the new president takes office.

Powell + repeats the same words back and forth, saying that the interest rate cut must be based on 2% inflation, and that the real interest rate cut does not need to look at inflation. Anyway, the meaning is that he is unwilling to cut now.