The Federal Reserve cuts interest rates, a summary of views from all parties
With the Federal Reserve's decision to cut interest rates by 50bp at its September 2024 meeting, opinions were divided, but most of the feedback was positive.
1. Federal Reserve Chairperson Powell: will choose to accelerate or slow the pace of interest rate cuts based on actual market conditions.
2. Trump: The Federal Reserve's interest rate cut shows that the US "economy is very bad";
3. Vice President Harris: Good news for Americans who are under pressure from high prices.
4. Nationwide Chief Economist: The Federal Reserve will continue to cut interest rates rapidly;
5. "New Debt King" Gundlach: It is expected to cut interest rates by 50 basis points in November and another 75 basis points by the end of the year;
6.Global X investment strategy director: the Fed cut interest rates by 50 basis points may be too aggressive;
7. Standard Chartered executives: Stablecoins can mitigate the negative impact of Federal Reserve interest rate cuts on Treasury bonds and money market tokens.
8. US Senator Warren: Powell is too late to cut interest rates further.