美联储即将公布货币政策框架最新评估，两大变化或影响市场

Core Insights - The Federal Reserve is undergoing a regular evaluation of its monetary policy strategy, focusing on two main adjustments: downplaying the controversial inflation target strategy and reforming the policy communication system [1][2] Group 1: Inflation Target Strategy - The Federal Reserve is expected to downplay the "Flexible Average Inflation Targeting" (FAIT) policy introduced during the pandemic, returning to a more traditional inflation target setting [2] - Critics argue that the FAIT policy delayed the Fed's response to rising inflation, exacerbating inflationary pressures [2] - Analysts predict that the Fed will shift its focus to responding to deviations in both inflation and employment, rather than solely on employment shortfalls [2] Group 2: Communication Strategy - Upgrading communication tools is a significant aspect of the current evaluation, potentially having a more substantial impact than changes to the monetary policy strategy itself [3] - Proposed reforms aim to enhance policy transparency, helping investors better understand the Fed's decision-making process [3] - These adjustments are expected to stabilize market expectations and reduce the risk of policy misjudgments in the medium to long term [3] Group 3: Alternative Economic Scenarios - One proposal includes providing alternative economic scenarios to highlight risks, which could offer valuable real-time information to investors if linked to interest rate predictions [4] - Another proposal suggests that Federal Open Market Committee members' economic and interest rate forecasts be correlated while maintaining anonymity, allowing investors to understand individual members' perspectives [4]