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The Federal Reserve cuts interest rates, a summary of various viewpoints

The Federal Reserve cuts interest rates, a summary of various viewpoints

Bitget2024/09/19 02:39

Following the passage of the Federal Reserve's decision to cut interest rates by 50bp at its September 2024 meeting, various viewpoints have been summarized:

1. Fed Chairman Powell: Will choose to speed up or slow down the pace of rate cuts based on actual market conditions;

2. Trump: The Fed's rate cut indicates that the U.S. economy is "very bad";

3. U.S. Vice President Harris: It's good news for Americans under high price pressure;

4. Nationwide Chief Economist: The Fed will continue to cut rates quickly;

5. "New Bond King" Gundlach: Expects a 50 basis point rate cut in November, with another 75 basis points by year-end;

6. Global X Investment Strategy Director: A 50 basis point rate cut by the Fed may be too aggressive;

7. Standard Chartered Bank Executive: Stablecoins can mitigate negative impacts of Fed’s rate cuts on treasury bonds and currency market tokens; 

8.U.S Senator Warren : Powell acted too late, further interest cuts are needed.

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