Donald Kohn, a senior fellow at the Brookings Institution and former vice chairman of the Federal Reserve, said in a group interview with the media at the 6th Bund Financial Summit that the Federal Reserve needs to cut interest rates, whether it is 25 basis points or 50 basis points, it is important to keep interest rates down for at least a period of time. Kohn analyzed that inflation is falling, so there is no need to keep policy at the current restrictive level indefinitely. Whether it is a 25 basis point or 50 basis point rate cut, it is important to start cutting interest rates and to show and talk about the fact of continuing to cut interest rates. Kohn said that he was not clear about the extent of the Fed's interest rate cut this time, but the upcoming labor market data (Note: Beijing time on the evening of September 6, the United States will release the August non-farm employment report) will help the Fed decide the extent of the rate cut. The Federal Reserve is likely to cut interest rates by 25 basis points or 50 basis points in September, but it is more likely to be 25 basis points. (The Paper)