"Federal Reserve Listening Device" Nick Timiraos: Bernat said that the Federal Reserve is cautious about further interest rate cuts and there is no need for it.

"Fed Whisperer" Nick Timiraos: US Treasury Secretary Benson told Maria Bartiromo that the Federal Reserve's cautious attitude towards further interest rate cuts is unnecessary, as inflation is no longer a concern. "I appreciate the Federal Reserve's decision to cut interest rates by 25 basis points. But the subsequent remarks made me feel that the current Federal Reserve is still deeply entrenched in past thinking. This year, their inflation forecasts have been consistently terrible: as inflation data continues to decline, their forecasts are also being continuously revised downwards, clearly indicating that their models have completely failed. Furthermore, I simply cannot understand why they would signal that they may not want to cut rates at the December meeting - they need to provide a reasonable explanation for this. In fact, not only this year, but in the past few years, the Federal Reserve has consistently had inaccuracies in their forecasts for GDP and inflation, and they need to be held accountable for these ongoing mistakes. In the future, we need a leader who can comprehensively reform the entire Federal Reserve system from a procedural and internal operational perspective."