In a recent interview, Fed Chair Jerome Powell made his position clear, making it clear that the Fed is not in a hurry to cut interest rates, which means providing low-cost funding and is a key factor for risk markets. The current economic performance is strong, the job market is stable, and the inflation rate is steadily declining, although inflation has not yet reached the expected target, but the Fed is satisfied with the current state of the economy. The U.S. government has already paid $1 trillion in interest on its national debt over the past year, and its cash flow is not abundant, and in order to pay those interest, it will have to increase its debt further.