#美联储货币政策 Looking back at the past, I can't help but marvel at the cyclical changes in the Federal Reserve's monetary policy. After the financial crisis in 2008, quantitative easing policies surged like a tide, driving market recovery. Now, facing inflationary pressures, the policies are tightening again. However, recent news worries me, as the labor market has shown significant downtrend risks.

Chairman Powell mentioned that the policy needs to shift to a more neutral stance, which reminds me of the market responses during the past few rounds of policy shifts. Commissioner Collins bluntly stated that there might be another rate cut of 25 basis points, and this cautious attitude feels quite reminiscent of history. I remember that after the bursting of the internet bubble in 2001, the Federal Reserve also adopted a similar gradual rate-cutting strategy.

However, the current situation is more complicated. On one hand, there is a need to control inflation, and on the other hand, it is necessary to avoid excessive pressure on the labor market. This balancing act reminds me of the precise operations during the Greenspan era in the 1990s.

History tells us that the effects of monetary policy are often delayed. The softening of the labor market we see now is likely a delayed response to the previous tightening policies. Employment data in the coming months will be a key indicator and worth close attention.

Overall, the current situation reminds me of many key moments in history. Every move of the Federal Reserve affects the global market nerves, and we may be standing at the turning point of a new policy cycle. Only by observing cautiously can we seize the opportunity in the future market waves.