Odaily Planet Daily News: Federal Reserve Chairman Powell is likely to try to get everyone to support at least a 25 basis point rate cut at the meeting later this month. However, due to the recent weakness in the labor market, Powell and others may push for a larger rate cut. Kathy Bostjancic, senior vice president and chief economist at Nationwide, said in an email: "Powell does not need to reach a consensus at the upcoming September meeting to start cutting interest rates, but he may be more inclined to do so, especially for the first rate cut." Former Labor Department economist Betsey Stevenson wrote on social media: "Consensus has always been a way to prevent the Fed from becoming politicized. If I served on the FOMC, I think I would prioritize consensus." Dan North, senior economist at Allianz Trade Americas, said when talking about whether Powell can win consensus for a larger rate cut: "It will be difficult. There will be a lot of opposition, which will look bad." Diane Swonk, chief economist at KPMG, wrote on social media that Powell may be willing to take this risk. Swonk wrote: "Powell is more worried about the labor market than his peers. He wants a soft landing. The question is whether he will push hard for a 50 basis point rate cut and how much opposition he is willing to accept to achieve that goal." (Jinshi)