美联储主席鲍威尔：美联储正在调整总体政策制定框架

Group 1 - The Federal Reserve is adjusting its overall policy framework to address significant changes in inflation and interest rate outlook since the pandemic in 2020 [1] - The current framework was adopted five years ago, and an evaluation process began this year, which is expected to be completed by August or September [1] - Powell indicated that the "real" interest rates adjusted for inflation have risen since the pandemic, which may impact the current framework [1] Group 2 - Powell mentioned the possibility of entering a period of more frequent and potentially persistent supply shocks, posing challenges for the economy and the central bank [1] - The framework must be adaptable to various situations, and there is a need to reconsider the communication regarding labor market conditions [1] - The Federal Reserve may significantly modify its strategy, which initially aimed to tolerate higher inflation to strengthen the labor market [1] Group 3 - Powell did not discuss current monetary policy or economic outlook during his speech [2] - He projected that the personal consumption expenditure price inflation for April would decrease to 2.2%, although this may not reflect upcoming tariff-driven price increases [2] - Some of the Federal Reserve's practices, such as focusing on inflation expectations, are considered permanent [2]