Powell: Decision-makers are considering and discussing when it is appropriate to cut interest rates.

Amid Resurgent Inflation and Political Pressure, How the Federal Reserve Is Preserving Its Independence

Economists point out that the three most influential officials have formed a strong camp supporting interest rate cuts, which will be difficult to shake.

Powell does not believe that the sharp interest rate cut indicates that a US recession is imminent, but rather that it is more of a preventive action aimed at maintaining the "robust" status quo of the economy and labor market.