On September 27, Fed's Bowman said that if these conditions persist (for now), it will be necessary to adjust policy at a faster pace and with greater intensity in the future. The sale of mortgage-backed securities should be considered, and the Fed's emergency instruments should not become permanent; Inflation is expected to return to the 2% target after a one-time tariff adjustment. It's important that the Fed is able to make decisions independently; There is a preference for a gradual approach to interest rate adjustments. With the neutral rate expected to be in the middle of the 3%-4% range, it is too early to tell how AI will affect the labor market.