**Federal Reserve Internal Disagreements Emerge: Board Members Worry That Excessive Rate Cuts Could Worsen Inflation Expectations**

Jin10 cites the latest Federal Reserve meeting minutes, indicating that the majority of board officials are sounding alarms about the current inflation situation. Participants generally believe that if the sticky inflation problem is not handled properly, it could evolve into a structural issue that is difficult to reverse quickly.

**Rate Cut Signals Trigger Policy Dilemma**

Some board members openly state that continuing aggressive rate cuts during this sensitive period could be misinterpreted by the market as the Fed weakening its commitment to the 2% inflation target. This distorted policy signal may reinforce market fears of runaway inflation, thereby pushing up long-term inflation expectations.

**Key Policy Balance**

This cautious attitude within the board reflects that the Federal Reserve is at a crossroads in its monetary policy: it must address the pressures of slowing economic growth while maintaining its inflation control bottom line. The seemingly moderate pace of rate cuts in the short term is actually an effort to buy time for stabilizing inflation expectations.