Former Kansas City Fed President George: It will be difficult to accept a pause in interest rate cuts in November, and a 25 basis point rate cut is expected this week

Odaily Odaily News: Former Kansas City Fed President George said that it would be difficult to accept a pause in interest rate cuts in November. In an interview, George said, "If they skip this meeting, what is the explanation? Considering that they cut interest rates by 50 basis points in September, you really need to have a story to explain why you would skip the meeting, or explain why you want to slow down the pace of interest rate cuts." George expects the Fed to cut interest rates by 25 basis points this week, and predicts that Powell will explain at the press conference after the meeting that the Fed decided to cut interest rates in the context of a strong economy to maintain this performance, which echoes Powell's comments on September 30. "I think what we're going to hear is: 'We want to keep it this way, we don't want to see a slowdown in the economy,'" George said. (Jinshi)