Group 1 - The balance of risks has shifted, indicating a potential need for policy adjustments by the Federal Reserve [1] - The Federal Reserve's policy interest rate is currently seen as moderately restrictive [1] - The new policy framework adopted by the Federal Reserve includes a flexible inflation targeting approach and removes the inflation "compensation" strategy [1] Group 2 - The labor market is described as being in an "unusual balance," with labor supply softening and aligning with demand [1] - The stability of the employment market allows for cautious advancement of monetary policy [1] - The impact of tariffs on prices is expected to be temporary, with a reasonable assumption that their effects will accumulate over the coming months [1] Group 3 - The influence of tariffs on consumer prices is evident, and stable inflation expectations should not be taken for granted [1] - Longer-term inflation expectations appear to be well-anchored [1]
鲍威尔:风险平衡的变化可能使得FOMC调整政策立场成为恰当之举
Sou Hu Cai Jing·2025-08-22 15:36