**["Fed's Mouthpiece": Shift in Fed's Internal Sentiment, Policy Path Moves from Rate Cut Expectations to Rate Hike Assessment]** Odaily Planet Daily News: Nick Timiraos, known as the "Fed's Mouthpiece," wrote in *The Wall Street Journal* that discussions within the Federal Reserve regarding the trajectory of interest rates have undergone a significant shift. The focus is no longer primarily on when to resume rate cuts but has shifted to evaluating under what conditions rate hikes might be necessary again. Since the Fed began issuing policy statements in 1994, disagreements over how to describe the policy direction (rather than actual rate changes) have been rare. Dallas Fed President Lorie Logan, Minneapolis Fed President Neel Kashkari, and two other regional Fed presidents oppose retaining the phrasing "more likely to cut rates next" in this week's Federal Open Market Committee (FOMC) meeting. They argue that the next rate adjustment could be either a hike or a cut. Outgoing Fed Chair Jerome Powell stated that the committee is gradually moving from a "rate-cut bias" to a "neutral stance," adding that if rate hikes are needed in the future, the Fed will first shift to neutral before signaling a hike. (*WSJ*)