鲍威尔谈美元储备货币地位时的玄机

Group 1 - The core viewpoint of the articles highlights the increasing concerns over the US dollar's status as a reserve currency due to a series of negative economic data and rising expectations for interest rate cuts by the Federal Reserve [1][2][3][4] - Recent economic indicators show a mixed performance, with the core PCE price index slightly exceeding expectations, while consumer spending has dropped by 0.3%, marking the largest decline since the beginning of the year [1] - The dollar index has experienced a continuous decline, falling below 97 for the first time since March 2022, with a year-to-date drop of 10.34% and a two-month decline of 4.59% [1] Group 2 - The expectation of interest rate cuts by the Federal Reserve remains uncertain, as Chairman Jerome Powell has expressed concerns about inflation and trade wars, leading to a reluctance to lower rates [2][3] - Powell's recent statements suggest that while there may be potential for rate cuts, the focus remains on economic data, and he has warned against prematurely declaring changes in the dollar's status [2][3] - The passage of the "Big Beautiful Bill" is projected to increase federal debt by $3.8 trillion over the next decade, raising concerns about the sustainability of US debt and its impact on the dollar's reserve currency status [4]