According to BlockBeats, on October 8, Fed Chairman Williams said that the Fed is now "in a good position" to achieve a soft landing for the US economy. He also hinted that after a sharp 50 basis point rate cut in September, the Fed supports slowing the pace of rate cuts. Williams said that the "very good" employment report in September confirmed that the US economy remains strong and healthy. The decision to cut interest rates by 50 basis points "was right in September and it is right today."

When asked how aggressively the Fed should continue to cut interest rates, Williams said that the latest dot plot shows that the Fed will cut interest rates by 25 basis points at each of the remaining two meetings this year, which is a "very good basic situation". These decisions will depend on the data rather than follow a "preset route". A 50 basis point rate cut in September is not a "guideline for future actions." Williams also mentioned the need to be vigilant against shocks caused by places such as the Middle East. (Jinshi)