Core Viewpoint - The Federal Reserve's recent meeting minutes indicate a consensus among officials to maintain the current interest rate policy due to rising economic uncertainty, reflecting a cautious approach towards inflation and employment risks [1][2] Group 1: Economic Outlook - The Federal Reserve decided to keep the federal funds rate unchanged at the range of 4.25%-4.5% for the third consecutive time, citing sufficient space to wait for clearer signals regarding inflation and economic outlook [1] - Economists believe that tariffs will likely increase inflation and suppress economic growth, with the Fed staff lowering growth forecasts for 2025 and 2026 [1] Group 2: Labor Market and Inflation - The Fed staff predicts a significant weakening in the labor market, with unemployment expected to rise above the "natural rate" this year and remain high until 2027 [2] - Inflation expectations have become a focal point for policymakers, with nearly all participants acknowledging the risk of more persistent inflation than previously anticipated [2] Group 3: Monetary Policy Framework - The minutes indicate ongoing discussions regarding the periodic evaluation of the monetary policy framework, with a potential shift towards a "flexible inflation targeting" approach, allowing inflation to exceed 2% temporarily without compensating for past deviations [2]
美联储会议纪要：在经济不确定性加剧下 维持利率不变是最佳策略
智通财经网·2025-05-28 22:39