In a recent speech, Howard Marks, co-founder of the prominent investment firm Oaktree Capital, stated that even if the Federal Reserve cuts interest rates to address economic challenges, US interest rates will remain within the range of 3% to 4%. Marks noted that although the Fed has reduced rates from emergency levels (5.25% to 5.5%), it is expected that future rates will stay at around 3%, rather than returning to near-zero policy rates (such as 0.5% or 1%). This forecast reflects an in-depth analysis of the current global economic environment and the direction of monetary policy.