[Federal Reserve's Mussaellem: Labor Market Risks May Influence Policy Rate Adjustments] Federal Reserve official Mussaellem stated that the current focus should be on the overall rate trajectory rather than rate decisions at individual meetings. While inflation levels remain above target and present ongoing risks, potential risks in the labor market have yet to fully materialize. Mussaellem noted that the next employment report could be a key factor in determining whether to cut rates, depending on the data in the report. Additionally, he expects the impact of tariffs on inflation to gradually diminish and hinted that the future rate trajectory may include the option to pause rate cuts.