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Fed Chair Jerome Powell sees no risk-free path ahead for the U.S. economy.

Plus, President Trump tells the UN General Assembly that immigration and climate change policies

are destroying the West.

Trump provided a nationalist pro-Maga speech at a global non-Maga place, all four probably to make a domestic audience a bit happier,

but also to try to convert a global audience to his due point.

And some broadcasters are skipping the return of Jimmy Kimmel's late night show.

It's Tuesday, September 23rd.

I'm Alex O'Sullough for The Wall Street Journal.

This is the PM edition of What's News, the top headlines and business stories that move the world today.

At a talk in Providence, Rhode Island this afternoon, federal reserve chair Jerome Powell

said he judged the central bank's interest rate stance as, quote, still modestly restrictive,

even after last week's rate cut. That implies more wiggle room to reduce rates this year

if officials determine that recent softness in the labor

market outweighs setbacks on inflation. But Powell highlighted that the Fed faces challenges in

achieving both of its goals, keeping inflation low and stable while promoting a healthy job market.

Near-term risks to inflation are tilted to the upside, and risks to employment are tilted to the downside,

a challenging situation.

Two-sided risks mean that there is no risk-free path.

Powell avoided giving strong hints about the Fed's next meeting on October 28th and 29th,

...