Morgan Stanley CEO Ted Pick stated that the U.S. economy will continue to perform well in 2025. He praised the Federal Reserve's cautious approach and believes that Trump has brought risks of inflation. Ted Pick pointed out that the Federal Reserve has taken a cautious stance, which is the 'right thing to do', and added that the Federal Reserve does not want to reverse its decision to cut interest rates. Due to factors such as policy uncertainty, the market will have some cautious sentiment, but 'overall, people naturally continue to hold a constructive view.' (Golden Ten)