According to Odaily Planet Daily, Nick Timiraos, chief economic reporter of the Wall Street Journal, commented on Powell's speech, saying that Powell abandoned the focus on the core service industry (except housing) and turned his attention to the labor market. He quoted part of Powell's speech-"You can see that the labor market is cooling down, which is appropriate, and we are watching it very carefully." "In fact, it looks like you are doing what you want it to do."
