Federal Reserve's Moussailem: Expects a strong economic rebound next year, needs to be cautious about rate cuts

According to Jin Ten, Federal Reserve's Musalem stated that he expects the U.S. economy to rebound strongly in early next year, highlighting the need for officials to be cautious about additional rate cuts. He mentioned factors such as fiscal support, the impact of already implemented rate cuts, and regulatory easing, and reiterated that the current Federal Reserve policy is close to a level that no longer exerts downward pressure on inflation. He emphasized that there is limited room for further rate cuts, and monetary policy could become excessively loose.