PANews reported on October 10th that according to Jinshi, Federal Reserve Governor Waller stated that the Fed needs to cut interest rates, but it must do so with caution. He expressed openness to a 25 basis point rate cut at the upcoming meeting. He also stated that either the labor market will rebound or GDP will weaken, which is why caution is necessary. He stated that the Fed will not take aggressive or rapid action, but will proceed gradually in quarter-point increments. He also stated that private credit contains a large amount of equity and is not highly leveraged. While some people may lose money, this should not be considered a significant risk as it relates to the stock market.PANews reported on October 10th that according to Jinshi, Federal Reserve Governor Waller stated that the Fed needs to cut interest rates, but it must do so with caution. He expressed openness to a 25 basis point rate cut at the upcoming meeting. He also stated that either the labor market will rebound or GDP will weaken, which is why caution is necessary. He stated that the Fed will not take aggressive or rapid action, but will proceed gradually in quarter-point increments. He also stated that private credit contains a large amount of equity and is not highly leveraged. While some people may lose money, this should not be considered a significant risk as it relates to the stock market.