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美财长再度质疑美联储判断,暗示明年将彻底赶走鲍威尔
Jin Shi Shu Ju·2025-07-03 13:51

Group 1 - The U.S. Treasury Secretary, Yellen, questions the Federal Reserve's interest rate decisions, suggesting that the current two-year Treasury yield indicates that the Fed's benchmark rate is "too high" [2] - The current target range for the Federal Funds rate is between 4.25% and 4.5%, while the two-year Treasury yield is approximately 3.76% [2] - Yellen hints at the possibility of filling two vacancies on the Federal Reserve Board next year, despite Jerome Powell's term as a governor lasting until 2028 [2] Group 2 - The Treasury has been using special accounting measures to pay federal obligations within the statutory limit since January, and once the tax and spending bill is signed into law, it is expected that the Treasury will increase the issuance of U.S. debt to replenish its cash reserves [3] - Yellen indicates that the debt management process is systematic but will consider unexpected circumstances, particularly in light of the two-year Treasury yield suggesting high overnight rates [3] - The next quarterly refinancing operation is scheduled for July 30, which typically announces adjustments to the issuance strategy [3]