PANews reported on October 19 that according to Jinshi, Federal Reserve Chairman Bostic said that the first major interest rate cut was appropriate and he was very satisfied with it. The Federal Reserve will take active action when inflation rises. It is expected that the inflation rate will reach 2% by the end of 2025. This (expected inflation to reach 2% by the end of 2025) should be the timetable for interest rates to fall to neutral. The neutral policy interest rate is in the range of 3% to 3.5%, and there are multiple ways to reach this level.