PANews reported on September 28 that according to Jinshi, the Financial Times disclosed that the President of the Federal Reserve Bank of St. Louis, Musallem, said that after cutting interest rates by 50 basis points earlier this month, which was larger than usual, the Federal Reserve should resume the practice of "gradual" interest rate cuts. Musallem said that the US economy may respond "very positively" to a looser financial environment, thereby stimulating demand and extending the time it takes for the Federal Reserve to reduce inflation to 2%. Musallem said, "For me, it's about easing the brakes at this stage, it's about gradually reducing policy restrictions." According to the forecast released at this month's meeting, he is one of the officials who expects to cut interest rates by more than 25 basis points for the rest of the year.