Odaily Planet Daily News: Bank of America economists said in a report on Powell's speech at the Jackson Hole conference on Friday that the Federal Reserve's focus on the cooling of the U.S. labor market still requires a 25 basis point rate cut in September, rather than a 50 basis point cut. Bank of America said that despite Powell's more dovish tone, "we don't think he opened the door to more than a 50 basis point rate cut." "Rather, he implicitly supports gradual rate cuts." If the risk of a recession rises, larger cuts will occur. "A very weak employment report could get us there, but the decline in unemployment claims suggests that this should not be the base case." (Jinshi)