美联储按兵不动，鲍威尔：特朗普施压不影响工作

Group 1 - The Federal Reserve maintained the federal funds rate target range at 4.25% to 4.50%, aligning with market expectations, marking the third consecutive pause since January and March [2] - The Fed noted that while the unemployment rate remains low and the labor market is strong, inflation is still at a relatively high level, indicating increased uncertainty in the economic outlook [2] - Fed Chairman Jerome Powell highlighted that significant tariff increases by the U.S. government could lead to rising inflation, slowing economic growth, and increasing unemployment, potentially delaying the achievement of the Fed's goals until next year [2][3] Group 2 - Powell stated that tariffs might have a short-term impact on inflation but could also lead to more persistent effects, emphasizing the appropriateness of the current policy stance and the need for patience [3] - He dismissed the idea of preemptive rate cuts before achieving inflation targets, indicating that the current situation does not warrant such actions until more data is available [3] - Recent economic data showed an increase of 177,000 in non-farm payrolls for April, with an unemployment rate steady at 4.2%, while the first quarter GDP contracted by 0.3% year-on-year due to increased imports to avoid tariffs [4]