#美联储货币政策前景# Looking back at the days after the 2008 financial crisis, the Fed implemented a large-scale quantitative easing policy, and interest rates fell to historic lows. At that time, I had a premonition that this unconventional monetary policy would eventually reach a turning point. Now, Goldman Sachs predicts that the Fed will cut interest rates three times this year, which makes me feel deeply emotional. The job market is weak, with monthly job additions far below full employment levels, which is indeed a dangerous signal. But what I am more worried about is whether this round of rate cuts can truly stimulate the economy? Or will it repeat the same mistakes and accumulate financial risks again? History tells us that the effects of policies often have a lagging nature, and current decisions have far-reaching implications. I hope the decision-makers can learn from past lessons and implement corresponding regulatory measures while cutting rates to avoid repeating past mistakes. As someone who has experienced multiple cycles, I know that prosperity and recession always alternate. Now is the time for cautious observation and prudent layout.