In recent speeches, Federal Reserve Chairman Powell stated that inflation has significantly decreased, the labor market is no longer overheated, and the timing for policy adjustments has arrived. The timing and pace of interest rate cuts will depend on upcoming data, the evolving outlook, and the balance of risks. He emphasized that the Federal Reserve will make every effort to support a strong labor market while achieving price stability. This statement indicates that the Federal Reserve may begin to cut interest rates in future meetings to address the slowdown in inflation and the cooling of the job market.