Core Viewpoint - Federal Reserve Chairman Jerome Powell emphasized that the Fed will formulate policies based on the evolution of the economic outlook and risk balance, rather than following a predetermined path [1]. Group 1: Monetary Policy - Powell stated that there is no risk-free path for the Fed's interest rate policy due to the need to balance employment and inflation targets [1]. - The Federal Open Market Committee (FOMC) is scheduled to meet on October 28-29, with market expectations leaning towards another 25 basis point rate cut following the previous cut on September 17 [1]. Group 2: Economic Monitoring - In response to the federal government shutdown affecting official data reports, Powell noted that the Fed has its own contacts and data sources to monitor the health of the U.S. economy [1]. - Powell indicated that based on the data available, it can be fairly stated that there has not been much change in the employment and inflation outlook since the September meeting [1].