The Federal Reserve's September interest rate meeting ended as scheduled. The interest rate cut was finalized. It was not a rate hike, not unchanged, not a 25bp cut, but a big cut at the first opening, a direct 50bp cut! Half of the people guessed wrong. The "spiritual kneeling tribe" and "smart people" who insisted that there would be no rate cut were almost swollen in the face.
For the 50bp cut, only one director voted against it because he hoped that it would only be reduced by 25bp this time. Federal Reserve Chairman Powell successfully convinced the majority of voters.
He leaned against the marble wall, looked up at the sky, and was thinking in his heart: "Looking back on today in the future, will I be the one who saved the collapse of the United States and turned the tide?
