Deep Tide TechFlow news, on August 14, according to Jinshi Data reports, Federal Reserve Chair candidate Summerlin stated that aggressive rate cuts are appropriate. The current yield structure, combined with a weak labor market and stable inflation, allows for a 50 basis point rate cut... without causing any disruption. Currently, there is a wide range of candidates to succeed the current Federal Reserve Chair Powell, and Summerlin's stance on interest rates is at least consistent with Trump's direction. The current U.S. President has repeatedly pushed for easing Federal Reserve policies, advocating for rate cuts of up to 3 percentage points, but the Federal Open Market Committee (FOMC) led by Powell has maintained the benchmark interest rate unchanged since the last rate cut in December 2024.