美联储发出警告，通胀魅影浮现！

Group 1 - The Federal Reserve Chairman Jerome Powell indicated that inflation may become more volatile in the future, suggesting that the U.S. might be entering a period of more frequent and prolonged supply shocks [2] - The Federal Reserve is currently conducting its first monetary policy framework review since 2020, aiming to incorporate lessons from the inflation surge in 2021 and subsequent aggressive rate hikes [2] - Fed Governor Michael Barr warned that supply chain disruptions related to tariffs could lead to economic growth slowdown and rising inflation, particularly affecting small businesses that have limited access to credit [2][3] Group 2 - Barr highlighted the multiplier effect of supply chain disruptions, referencing the COVID-19 pandemic's impact on various industries and prolonged price volatility [3] - The uncertainty in current trade policies could potentially weaken economic growth momentum and increase inflationary pressures beyond expectations [3] - Despite recent trade agreements between the U.S., U.K., and China, global macroeconomic and trade uncertainties persist, with supply chain disruptions posing a risk of a domino effect on already fragile trade networks [3]