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METAMASK's parent company, CONSENSYS, is preparing for an IPO, led by JPMorgan Chase and Goldman Sachs.

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Question 15: Disagreements over the future path of interest rate cuts Powell's answer: I think we have to accept the current situation. We have a large population, the unemployment rate is only 4.3%, and the economy is growing. What we can do is not control both unemployment and the economy at the same time. We can only do one thing, so we are all very serious about what we can do. Our judgment is difficult right now, but I think all the Fed's decisions this year have been correct. Interest rate cuts may resume at some point in the future, but it's uncertain when.

Question 14: Personnel Appointments and Removals Powell's Answer: Powell did not provide a detailed answer.

Question 13: Will interest rate cuts alleviate the labor market's difficulties? Powell's answer: The weakness in the labor market prompted the Federal Reserve to cut interest rates. The data from the past four weeks has not shown a significant deterioration in the labor market, and the current unemployment rate is still at a historically low level.

Question 12: How to judge the December decision when there is no data during the shutdown? Powell's answer: I've said it many times: if we don't have any information, if we don't have any data to support it, then we should slow down, and that's the right thing to do.

Question 11: The Impact of AI on the Economic Market Powell's Answer: These overvalued companies have real revenue and profits. There may be a bubble, but it's very different from the 1990s, which is one of the main reasons for economic growth. The labor market has been significantly affected by changes in immigration; the labor force participation rate is currently declining, and economic growth is lower than last year. Without the shutdown, it would have been higher.

Ninth Question: The Labor Market Powell's Answer: The decline in immigration has indeed impacted the labor market, reducing the labor force participation rate on the supply side. Labor demand is declining, and the unemployment rate is also falling. This means the demand for workers is decreasing. I wouldn't say that current interest rates are loose, but this won't make the labor market worse. The basic expectation is that inflation will see some additional increases because inflation, as it's a supply chain factor, will eventually be passed on to consumers. Because tariffs have been in place, inflation has also been in place; although diesel prices are rising, diesel prices aren't expensive. However, if tariffs stop increasing, then inflation may stop rising. If prices stop rising, inflation will revert to non-tariff inflation. Non-tariff inflation is already very close to 2%. While inflation isn't great, prices aren't very high either. This will take some time to materialize.

The eighth question: Regarding the December rate cut, if not due to a lack of data, what other reasons would prevent a rate cut in December? Powell's answer: We have already cut rates by 150 basis points. Many people expect interest rates to be between 3% and 4%. There are different opinions within the Fed regarding whether there is a downside risk in the labor market. There is a significant disagreement, and it is not necessarily the case that the labor market or inflation will dominate. We have already cut rates by 50 basis points, so I think we should slow down a bit.