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Fed Paulson: Tends to gradually lower the Intrerest Rate within this year until next year.
On October 14, Fed's Paulson stated that he is inclined to gradually lower the Intrerest Rate within this year and into next year. The increasingly severe risks facing the labor market should become the primary focus of the monetary policy. The inflation impact of tariffs has been less than expected so far. It is anticipated that tariffs will push up inflation, but will not lead to a sustained pump. It is unclear what the neutral Intrerest Rate level actually is, but he advocates for caution in the pace of rate cuts. ( Jin10 )