Former senior economist of the Obama administration and current Harvard University professor Jason Furman believes that if the labor market remains healthy, the Federal Reserve may only cut the benchmark interest rate once this year. Jason Furman stated that the Federal Reserve has entered a new phase of needing a reason to cut rates; last year, the Fed thought 'everything was fine, so why not cut rates', but if the labor market remains healthy, considering concerns about the inflation outlook and uncertainty about whether interest rates are at the best position to slow demand, a 25 basis point cut may be the most likely outcome this year.

However, Jason Furman added that if circumstances change and the unemployment rate starts to rise, 'the Federal Reserve will intervene' and ease policy. (Jinshi)