#法国比特币战略储备方案 The Fed's decision-making body has shown clear divisions on the interest rate cut strategy, with three different positions formed internally:

First, the radical faction led by Governor Milan advocates for more aggressive action, arguing that interest rates should be directly lowered by 50 basis points in October, and supporting two more rate cuts within the year. This camp believes that the current consensus is correct, but the implementation speed should be accelerated.

Secondly, the majority of moderates (including Chairman Powell) tend to favor a cautious and gradual approach. While they support the interest rate cut policy and suggest a 25 basis point cut in October, they emphasize the need to remain vigilant. This is mainly due to concerns about a weakening job market, hoping to maintain economic growth through a moderate easing of monetary policy while avoiding a rebound in inflation.

Thirdly, the cautious faction represented by Vice Chairman Jefferson remains reserved about further interest rate cuts, with some officials even leaning towards pausing the rate cut process. They are concerned that the inflation issue has not been completely resolved, and prematurely easing monetary policy may undermine the previous anti-inflation achievements.

This internal disagreement reflects the Fed's difficult choice between ensuring employment and controlling inflation. Whether the future will involve rapid interest rate cuts, slow cuts, or a pause in cuts has become a matter of great concern, adding more uncertainty to the market outlook.