专家称鲍威尔打开货币民粹主义大门

Core Viewpoint - Federal Reserve Chairman Jerome Powell has opened the door for potential interest rate cuts, leading to significant increases in U.S. stocks and bonds, while the U.S. dollar index has fallen to a two-and-a-half-year low [1] Group 1: Market Reactions - Following Powell's announcement, global stock and bond markets have strengthened, with risk assets experiencing a notable rally [1] - Credit bonds are seeing increased leverage, and there is a rise in prices for energy, commodities, precious metals, and agricultural products [1] Group 2: Historical Context - The Jackson Hole Global Central Bank Annual Meeting has historically been a venue for significant monetary policy announcements, including half of the U.S. quantitative easing (QE) measures since 2008 [1] - Powell's declaration signals a potential turning point in U.S. monetary policy, indicating the onset of a new cycle of interest rate cuts [1] Group 3: Political Implications - The influence of the Trump administration on interest rate decisions raises concerns about the independence of the Federal Reserve and the long-term credibility of the U.S. dollar [1] - The shift towards a populist monetary policy may prioritize short-term gains and political interests over long-term economic stability, echoing historical patterns where such policies have led to negative outcomes [1]