#美联储降息预期和政策影响 Looking back at the Greenspan era of the Federal Reserve in the 1990s, I can't help but marvel at how history always seems to repeat itself. Now, with Trump possibly appointing Hassett as the new Fed Chair, this will undoubtedly be a historic turning point. Hassett and Trump are highly aligned on economic policy, especially on the issue of rate cuts. If he really takes office, it's very likely that he will push for more aggressive rate-cutting policies. This reminds me of the loose monetary policy during the Greenspan era, which did stimulate economic growth at the time, but also planted the seeds for asset bubbles. Are we about to repeat this chapter of history again? While rate cuts may boost market sentiment in the short term, in the long run, excessive easing could bring greater systemic risks. Having experienced multiple bull and bear cycles myself, I advise younger people to remain cautious and not get carried away by short-term optimism. History tells us that during key moments of policy shifts, it is especially important to stay clear-headed and think independently.