特朗普撑不住了，降息靴子落地，美联储没有“无痛解决方案”！

Core Viewpoint - The article discusses the recent interest rate decision by the Federal Reserve, highlighting the political pressures involved and the mixed market reactions following the rate cut. Group 1: Federal Reserve Decision - On September 18, 2025, the Federal Open Market Committee announced a 25 basis point cut in the federal funds rate to a range of 4.25% [5] - This marked the first rate cut of 2025, occurring nine months after three cuts in 2024 [5] - The decision was made with an overwhelming vote of 11 to 1, showcasing internal unity despite external pressures from the government [4] Group 2: Political Pressure - President Trump exerted significant pressure on the Federal Reserve, calling for a more substantial rate cut than the market anticipated [6] - The political dynamics surrounding the Federal Reserve's independence are highlighted, with ongoing interventions from the White House [4][10] Group 3: Market Reactions - Following the rate cut, the market response was unexpected, with the Dow Jones index showing only a slight increase, while Chinese concept stocks surged [8] - This divergence indicates a shift in global capital flows and raises questions about the effectiveness of the Federal Reserve's policies [8][13] Group 4: Economic Context - The article notes that the U.S. economy is facing deeper issues, including a $37 trillion government debt and $2 trillion in corporate debt maturing soon, which the 25 basis point cut does little to address [12][16] - The economic growth rate has declined from 2.5% to 1.5%, adding to the challenges faced by the Federal Reserve [12]