Group 1 - The core viewpoint of the articles revolves around the Federal Reserve's recent policy adjustments and the implications of inflation and employment risks in the U.S. economy [1][2][3] - Federal Reserve Chairman Powell's speech at the Jackson Hole conference highlighted the fragile balance in the labor market and the potential need for interest rate cuts to address rising employment risks and economic slowdown [1] - The recent review of the Federal Reserve's monetary policy framework resulted in the abandonment of the average inflation targeting strategy, reaffirming a long-term inflation target of 2% [2] Group 2 - The articles discuss the historical context of inflation management, noting that the Fed's previous strategies were more proactive in addressing inflation risks, contrasting with the current reactive approach [3] - The impact of external factors, such as the pandemic, on the U.S. economy is emphasized, indicating that the current economic cycle is distinct from previous ones due to its origins in external shocks rather than internal financial factors [3] - Powell's remarks suggest a shift in focus towards maintaining maximum employment in a context of price stability, indicating a nuanced understanding of the complexities of the labor market and inflation dynamics [3]