Viewpoint: Radical interest rate cuts may damage the Federal Reserve's reputation, and this meeting is expected to reaffirm patience

ChainCatcher news, Benoit Anne, Managing Director of MFS Investment Management, stated that the Federal Reserve is currently in a lagging position. "We all believe that there will be more rate cuts in the future, but it is still unclear when exactly they will begin," he said.

He pointed out that the ongoing controversy surrounding political interference and the independence of the Federal Reserve has severely disrupted the decision-making environment. He warned, "If the Federal Reserve rashly takes aggressive rate-cutting measures in the coming months, it could pose a certain reputational risk." In light of this, it is expected that the Federal Reserve will particularly emphasize its "patience" stance at the FOMC meeting, reiterating its cautious decision-making attitude. (Jin Shi)