The Federal Reserve has significantly cut interest rates, and Powell aims to achieve a soft landing

On September 19, Jin10 Data reported that Federal Reserve Chairman Powell said that Fed officials decided to reduce the degree of policy constraints because officials increasingly believe that by adjusting policies, they can maintain a strong labor market while the economy rises moderately and inflation continues to cool. Essentially, Powell’s meaning is that this policy measure is to ensure that the economy achieves a so-called soft landing.