#美联储货币政策 Looking back at history, every time the Federal Reserve begins to cut interest rates, the market always rejoices. But this time, Bostic's warning makes me reflect. The lessons of 1970s stagflation are still fresh—loosening monetary policy too early can indeed reignite the flames of inflation. From the 2008 financial crisis to the 2020 pandemic shock, we've witnessed the power of unconventional monetary policy, but we've also seen its side effects. Now, with the inflation "monster" just tamed, rushing to cut rates seems premature. Prudence is key. Perhaps it won't be until 2026 that real easing occurs; this period will be a true test of patience and insight for investors. History tells us that it’s crucial to remain vigilant and diversify your portfolio before policy shifts.