Odaily Planet Daily News: Federal Reserve official Mousallem expressed doubts about further interest rate cuts, contrary to the general expectation in the financial market that the Fed will continue to lower borrowing costs this year. Mousallem said that he supported a 25 basis point rate cut last week because he believed that the risks facing the labor market had increased. However, with the inflation rate nearly one percentage point higher than the Fed's 2% target, further rate cuts may mean excessive complacency about rising prices. If the public begins to doubt whether inflation can return to the 2% target, then the work of restoring price stability will become more difficult and may impose higher costs on the economy. Traders' bets show that the Fed will cut interest rates by another 50 basis points in the remaining two meetings this year. In addition, his views are also at odds with those of the new Fed governor Milan. Milan opposed a small rate cut at last week's meeting and advocated a larger rate cut. (Jinshi)