Nick Timiraos, a spokesperson for the Federal Reserve, recently commented on the speech of Federal Reserve Chairman Powell. Powell hinted that he was pleased with the decline in inflation this summer and that the Federal Reserve is unlikely to raise interest rates again unless there is clear evidence that economic activity will jeopardize inflation progress. Powell's comments are closely related to recent comments from 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 effectively replace interest 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 strong economic growth may pose a risk to further progress in inflation reduction, or may be a reason for further tightening of policy."