Journalist: Does a higher neutral interest rate mean there is more room for interest rate cuts?

Powell: Everyone has a different understanding, but in the context you mentioned, yes, there is more room for rate cuts.

Journalist: After you step down, what legacy do you leave for the Federal Reserve?

Powell: I hope the Federal Reserve becomes better in the hands of my successor, and I haven't thought of anything else for now.

Last question: Many inflation rates are still high, but you still cut rates today. I want to know the reason for this, even though you mentioned it before.

Powell: We are committed to reducing inflation for the benefit of all the people in America. I hope they can understand that although inflation has significantly decreased compared to a year ago, it is still high compared to the past, but America is recovering economically.