【特稿】特朗普降温与美联储之争

Core Viewpoint - President Trump has publicly criticized Federal Reserve Chairman Jerome Powell, calling for immediate interest rate cuts, which led to a significant drop in the financial markets. However, Trump later softened his stance, stating he had "no intention" of removing Powell from his position, emphasizing that it is a "perfect time" for the Fed to be more proactive in cutting rates [1][2]. Group 1: Market Reactions - Following Trump's softened rhetoric, U.S. stock index futures saw a rebound, with Nasdaq futures rising over 2% [1]. - On the day of Trump's initial criticism, the U.S. dollar index fell to its lowest level since January 2024, and major stock indices experienced notable declines [1]. Group 2: Federal Reserve's Position - Powell has asserted that he will remain in his position until his term ends in May 2024, despite Trump's ongoing pressure. He emphasized that the Fed will not yield to political pressure and will focus on combating inflation [2][3]. - The Fed has been cautious about further rate cuts due to concerns that tariffs may exacerbate inflation or slow economic growth [4]. Group 3: Economic Outlook - Analysts suggest that Trump's attacks on Powell may be an attempt to shift the blame for signs of economic weakness from the government’s trade policies to the Federal Reserve [3]. - The International Monetary Fund has downgraded its growth outlook for the U.S. and global economies, primarily due to the negative impacts of Trump's tariff measures [3].