Why is the Federal Reserve lowering its interest rates?

It seems clear that the Federal Reserve is going to cut its interest rates. The financial markets even expect a sharp reduction in the Fed Funds rate. This may come as a surprise: The fact that interest rates are already very low and the solvency of all economic agents is ensured rules out a recession in the United States. If the most likely scenario is decent growth at full employment, why cut interest rates? One explanation may be inflation, which remains below the 2% target. This may lead the Federal Reserve to slightly lower its target interest rate, so that it is lower than the neutral interest rate, but not to sharply cut the Fed Funds rate; A currency war is a possibility, leading the United States to want to weaken the dollar against the euro and the Chinese renminbi; We find it hard to believe that the Federal Reserve is cav ing in to pressure from the White House or from financial markets.