ChainCatcher news, last week, Federal Reserve Chairman Powell's decision to cut interest rates by 50 basis points was seen as a "show of strength." Nick Timiraos, a reporter for the Wall Street Journal known as a mouthpiece for the Fed, stated that whether the Fed's rate cut can achieve a soft landing for the economy depends not only on how much weakness exists within the U.S. economy but also on whether lower borrowing costs can stimulate new investment and spending to offset any economic slowdown.Timiraos believes that the Fed faces the risk that the current easing cycle may encounter challenges in transmitting to the broader economy similar to those faced during the Fed's recent rate hike cycle. Last week, the Fed lowered its short-term benchmark interest rate by 50 basis points to a range of 4.75% to 5%. Most officials expect another 50 basis point cut by the end of December, which would bring the benchmark rate down to a range of 4.25% to 4.5%. (Jin Shi)