美联储反对派公布异议声明：就业颓势已现，坚持观望谨慎过头

Core Viewpoint - The dissenting votes from Vice Chair Michelle Bowman and Governor Christopher Waller during the recent Federal Reserve meeting mark the first time since 1993 that two Federal Reserve governors have opposed the Federal Open Market Committee's decision, coinciding with a significant downward revision of U.S. non-farm data and an overall increase in rate cut expectations [3][12]. Group 1: Statements from Bowman and Waller - Both Bowman and Waller highlighted signs of weakness in the U.S. labor market, with Bowman advocating for a gradual shift from a moderately tight policy stance to a neutral level to proactively prevent further economic deterioration and job market damage [6][11]. - Waller suggested that the Fed was already aware of the significant downward revision of non-farm data during their discussions, indicating that private sector job growth is nearly stagnant and that the risks to the labor market are increasing [7][10]. - Waller criticized the cautious approach of waiting for clearer data on tariffs, arguing that it could lead to a lag in policy response and that the labor market might weaken before clear information is available [8]. Group 2: Recommendations and Future Outlook - Waller recommended that the policy interest rate should be at a neutral level, estimated by FOMC members to be around 3%, which is 1.25% to 1.5% lower than the current federal funds rate range of 4.25% to 4.5% [10]. - Both Bowman and Waller support a gradual rate cut approach to maintain the labor market close to full employment and ensure the Fed's dual mandate is met [11]. - The dissenting opinions have led to speculation about the motivations behind their calls for rate cuts, with some analysts suggesting that these dissenting votes may be viewed as applications for future leadership positions within the Fed [12][14].