Former Vice Chairperson of the Federal Reserve: The Federal Reserve needs to cut interest rates, whether it is 25 basis points or 50 basis points

Donald Kohn, a senior fellow at the Brookings Institution and former vice chairperson of the Federal Reserve, said in a group interview with the media at the 6th Bund Financial Summit that the Federal Reserve needs to cut interest rates, whether it is 25 basis points or 50 basis points, and it is important to keep interest rates down for at least a while. Kohn analyzed that inflation is falling, so there is no need to keep policy at the current restrictive level indefinitely. Whether it is a 25 basis point cut or a 50 basis point cut, it is important to start cutting interest rates and show and talk about the fact that interest rates will continue to be cut. Kohn said he did not know the extent of the Fed's interest rate cut this time, but the upcoming labor market data (Note: On the evening of September 6, Beijing time, the US will release the non-farm payrolls report for August) will help the Federal Reserve decide the rate cut. The Federal Reserve is likely to cut interest rates by 25 basis points or 50 basis points in September, but more likely 25 basis points. (surging news)