Paulson of the Federal Reserve: Inclined to gradually lower interest rates this year until next year

On October 14, Federal Reserve Chairman Paulson expressed a preference for gradual interest rate cuts throughout this year and into next year. Growing risks facing the job market should be the primary focus of monetary policy. The inflationary impact of tariffs has so far been smaller than expected. Tariffs are expected to push up inflation, but not to lead to a sustained increase. While the neutral interest rate remains unclear, caution is recommended regarding the pace of rate cuts. (Jinshi)