Nick Timiraos, the voice of the Federal Reserve, in his latest article evaluating the speech of Federal Reserve Chairman Powell, Powell hinted that he was pleased with the decline in summer inflation and that the Federal Reserve is unlikely to raise interest rates again unless there is clear evidence that the strengthening of economic activity will jeopardize progress on inflation. Powell's comments are closely related to recent comments by other Federal Reserve officials, all of which suggest that they are prepared to keep interest rates unchanged at the next meeting. This is partly because the rise in long-term yields over the past month may slow economic growth, and if yields rise, they will actually replace rate hikes. When describing whether monetary policy will be tightened again, Powell used the word "possible" twice instead of the stronger word "will": "Evidence of a strong economy may pose risks to further progress in inflation or become a reason for further tightening of policy."