Federal Reserve Chair Austan Goolsbee indicated that if by September or later in the fall there are signs that inflation is not spiraling, the central bank could consider cutting interest rates. This statement suggests a potential shift in monetary policy contingent on inflation trends in the coming months. Meanwhile, the Federal Reserve's reverse repurchase (repo) operations saw activity from 16 counterparties withdrawing a total of $33.757 billion. The reverse repo facility balance has risen to approximately $33.8 billion, marking an increase from the 2021 low. Despite these developments, reserves remain above $3 trillion, and there are no indications of funding stress at the end of August. These dynamics may be topics of discussion at the upcoming Jackson Hole symposium, with the possibility of halting the slow pace of quantitative tightening.