Many analysts on Wall Street still expect the Federal Reserve's first step in interest rate cuts to be more cautious. "I hope they cut rates by 50 basis points, but I suspect they will cut rates by 25 basis points," said Mark Zandi, chief economist at Moody's Analytics. "They have accomplished their goals of full employment and inflation target, and the fund rate of around 5.5% is too high. Therefore, I believe they need to normalize interest rates quickly and there is plenty of room to do so." Jefferies Financial USA economist Tom Simons said, "Although the tightening policy seems effective, it has not worked as they imagined, so the accommodative policy should be seen as equally uncertain." "So if you are unsure, you should not be in a hurry," said former Dallas Fed President Kaplan. "I guess there is some disagreement among them." "From a risk management perspective, some members just want to be more cautious," said Seema Shah, analyst at Xian Asset Management. For the Federal Reserve, the bottom line is to decide which risk is greater - if they cut rates by 50 basis points, it will reignite inflationary pressures, and if they only cut rates by 25 basis points, it may lead to an economic downturn. Criticized for being too slow to respond to the inflation crisis, the Federal Reserve may take a passive response to the risk of an economic recession instead of a proactive approach.