Odaily Planet Daily News: Chicago Fed President Goolsbee said that the long-term trends in the labor market and inflation data prove that the Federal Reserve will soon ease interest rate policy and then gradually continue this process over the next year. "It is clear that this path is not just to cut interest rates soon, but to cut interest rates multiple times in the next 12 months." For several months, officials have welcomed the cooling of the labor market. Goolsbee said that continued weakness, however, increases the likelihood that the job market will continue to cool and may get worse. The non-farm data to be released on Friday will reflect this key issue. But "I don't want us to make a decision based on one data point." Economists generally expect the Federal Reserve to cut interest rates by 25 basis points in September, but some believe that Friday's weak employment report may prompt the Federal Reserve to cut interest rates by 50 basis points. (Jinshi)