打脸特朗普！鲍威尔重申不急降息 称经济仍好、不确定性极高 拒绝因关税抢先行动

Core Viewpoint - The Federal Reserve has decided to pause interest rate cuts, emphasizing a cautious approach to economic risks, particularly regarding unemployment and inflation, amidst ongoing trade tensions and tariff impacts [1][5][6]. Group 1: Federal Reserve's Monetary Policy - The Federal Reserve's current monetary policy is described as having a moderate or slightly restrictive stance, with no immediate pressure to cut rates [3][4]. - Powell stated that the Fed is not in a rush to adjust interest rates and will remain patient while monitoring economic data [1][3]. - The Fed acknowledges increased risks of rising unemployment and inflation, but it is unclear which poses a greater concern [1][2]. Group 2: Economic Outlook and Trade Policy - Powell indicated that if high tariffs persist, it could lead to rising inflation, slowing economic growth, and increasing unemployment rates [2][5]. - The Fed's ability to achieve its dual mandate of price stability and maximum employment may be hindered by ongoing trade policies [5][8]. - Powell noted that the uncertainty surrounding trade policies is high, and businesses are delaying investment decisions due to this uncertainty [5][12]. Group 3: Inflation and Consumer Behavior - Powell mentioned that inflation is currently low and stable, with no immediate need for action from the Fed [9][12]. - There is a potential disconnect between consumer sentiment surveys and actual consumer spending, which is another reason for the Fed to remain observant [12]. - The impact of tariffs on inflation could be temporary or more persistent, but currently, the effects have not yet materialized [7][8]. Group 4: Government Debt and Fiscal Policy - Powell warned that the current trajectory of government debt growth is unsustainable, although the debt level itself is not at an unsustainable level [13]. - The Fed does not require fiscal policy advice from Congress, just as Congress does not provide monetary policy advice to the Fed [13].