降息施压持续升级 特朗普继续炮轰美联储主席鲍威尔

Core Viewpoint - The ongoing conflict between President Trump and Federal Reserve Chairman Jerome Powell centers around monetary policy, particularly the Fed's reluctance to lower interest rates despite economic pressures [2][4]. Group 1: Federal Reserve's Renovation Controversy - The renovation project of the Federal Reserve headquarters has seen its budget increase from $1.8 billion to $2.5 billion, with a cost overrun of approximately $700 million, leading to criticism from the White House [1]. - The average renovation cost per square foot is reported to be $1,923, which is double the typical cost for federal building renovations [1]. - The White House has raised concerns that the renovation may violate federal laws and has requested a written response from Powell regarding several issues within seven working days [1]. Group 2: Economic Policy Disputes - Trump has consistently pressured the Fed to lower interest rates to support economic growth, especially following the implementation of large tariffs [2]. - The White House's dissatisfaction with the Fed's stance has intensified, with officials accusing the Fed of misjudging inflation and being slow to act [2]. - Treasury Secretary Mnuchin criticized the Fed for failing the American people, suggesting that its bureaucratic approach has led to worse outcomes [2]. Group 3: Inflation and Tariff Impact - Recent data shows that inflation remains moderate, with consumer inflation expectations for the next 12 months holding steady at 3%, alleviating earlier concerns [3]. - Importers had stockpiled goods before tariffs were implemented, which helped mitigate short-term price pressures [3]. - Over half of the surveyed companies reported a decline in profit margins due to tariffs, with over 80% expecting to raise prices in the next six months [3]. Group 4: Future Monetary Policy Outlook - The Federal Reserve's June meeting minutes revealed a split among officials regarding future interest rate paths, with some advocating for preventive rate cuts [4]. - Powell indicated that if summer inflation data significantly underperforms expectations, he would consider lowering rates at an appropriate time [4]. - The market anticipates that the Fed will maintain current interest rates in the upcoming July meeting, which could provoke a stronger reaction from the Trump administration [4].