Former New York Fed President Dudley: I changed my mind, the Fed should cut interest rates immediately

Jinshi data news on July 25th, former Chair of the Federal Reserve of New York (enjoying permanent voting rights of FOMC, known as the 'third hand of the Federal Reserve') Dudley said: I have always stood in the camp of 'maintaining high Interest Rate for a longer period of time'. I believe that in order to control inflation, short-term Interest Rate must be kept at the current level or higher. But times have changed, and the situation has changed now, so I have also changed my mind. The Federal Reserve should cut interest rates, preferably starting at the Interest Rate meeting next week.