Odaily Planet Daily News Jason Furman, a former senior economist in the Obama administration and current professor at Harvard University, believes that if the labor market remains healthy, the Federal Reserve may only cut its benchmark interest rate once this year. Jason Furman said that the Federal Reserve has entered a new stage of "needing reasons" to cut interest rates. Last year, the Federal Reserve believed that "everything is good, so why not cut interest rates", but if the labor market remains healthy, considering concerns about the outlook for inflation and uncertainty about whether interest rates are already in the best position to slow demand, then a 25 basis point rate cut this year may be the most likely thing to happen. However, Jason Furman added that if the situation changes and the unemployment rate begins to rise, "the Federal Reserve will intervene" and relax policy. (Jinshi)