[Kelly from Morgan Asset Management: The Fed should cut interest rates by 25 basis points to avoid causing market panic] According to Golden Finance, David Kelly, global chief strategist at Morgan Asset Management, said that the Federal Reserve should cut interest rates by 25 basis points on Wednesday, rather than the 50 basis points called for by some market participants, to avoid investors panicking about the state of the U.S. economy. He said it was a mistake for the Fed to keep interest rates high for so long. "But when they cut interest rates, they need to be moderate because they don't want people to think they are panicking," Kelly added.