PANews reported on October 16 that according to Jinshi, Federal Reserve Board Governor Waller stated that the interview process for the Fed Chair position is progressing smoothly. He had a pleasant meeting with U.S. Treasury Secretary Benson, and progress was rapid. He successfully completed the interview for the Fed Chair position. He has not yet spoken with President Trump and is unclear if he will. He stated that cutting interest rates is the right move. He said we can cut rates by 25 basis points and see what happens, so we can get a clearer picture. Tariff uncertainty and artificial intelligence have put companies on the defensive. Tariff uncertainty and concerns about the potential productivity gains from artificial intelligence have made CEOs hesitant to hire easily. Companies are concentrating their investments in artificial intelligence rather than investing broadly.