Fed rate cut, summary of various opinions

Golden Finance reported that with the Federal Reserve's 50bp rate cut decision at the September 2024 meeting, there are divergent views, but the majority are optimistic.

1. Fed Chairman Powell: Will choose to speed up or slow down the pace of interest rate cuts based on the actual market conditions;
2. Trump: The Fed's rate cut indicates that the U.S. economy is very bad;
3. Vice President Harris: Good news for Americans facing high price pressure;
4. Nationwide Chief Economist: The Federal Reserve will continue to cut interest rates quickly;
5. "New Bond King" Gundlach: Expected to cut interest rates by 50 basis points in November, and will cut interest rates by another 75 basis points by the end of the year;
6. Global X Investment Strategy Director: A 50 basis point rate cut by the Federal Reserve may be too aggressive;
7. Standard Chartered Bank executives: Stablecoins can mitigate the negative impact of the Federal Reserve's interest rate cuts on government bonds and the currency market Token;
8. Senator Warren: Powell acted too late and further interest rate cuts are needed.