Jerome H. Powell, the Federal Reserve chairman, said the Fed would be patient in evaluating the health of the economy given global economic and financial developments and muted inflation pressures. If the Fed will decrease the interest rate assuming other factors are constant, then the Pension Liability might be

Increased in the Statement of Fiduciary Net Position

Increased in the Statement of Changes in Fiduciary Net Position

Decreased in the Statement of Fiduciary Net Position

Decreased in the Statement of Changes in Fiduciary Net Position