Wu Wu said that according to Fox Business, Federal Reserve Chairman Powell said in a speech at the Economic Club of Washington, DC that the Fed will not wait until inflation drops to 2% before starting to cut interest rates. He pointed out that if inflation is fully reduced to 2%, it may be too long to wait. At present, the Fed needs more evidence of falling inflation to ensure the correctness of policy adjustments. Wall Street Journal reporter Nick Timiraos wrote that Federal Reserve Chairman Powell recently said that the recent slowdown in inflation and economic activity is generally in line with the Fed's expectations, but he still refused to say whether this is a reason for the Fed to cut interest rates at its policy meeting later this month. The inflation report released last week showed a general improvement in the economy, which prompted some private analysts to doubt whether the Fed needs to wait until September to cut interest rates.