Group 1 - The Federal Reserve's recent decision to cut interest rates by 25 basis points is characterized as a risk management measure, indicating that a sustained rate-cutting cycle is not anticipated [1] - Economic growth in the U.S. has shown signs of slowing down in the first half of the year, while inflation remains elevated, leading to increased downward risks in the labor market [1] - The Fed is shifting its focus from primarily controlling inflation to also emphasizing the goal of "full employment" due to evident signs of labor market cooling [1] Group 2 - There is a notable divergence among Federal Reserve officials regarding future interest rate projections, reflecting a complex risk environment [2] - Powell emphasized that the Fed operates based on data and does not consider political factors in its decision-making process, asserting the institution's independence [2] - The only dissenting vote against the 25 basis point cut came from a member who advocated for a more aggressive 50 basis point reduction, indicating varied opinions within the Fed [2] Group 3 - Powell stated that the Fed's policy has been on the right track this year, contrasting it with previous periods of significant rate adjustments [3] - The impact of tariffs imposed by the Trump administration appears to be primarily borne by importing companies, with minimal immediate price increases for consumers [3] - Companies have indicated plans to pass on more costs to consumers in the future, which could lead to higher prices [3]
鲍威尔：此次降息是风险管理决策 把政策重点从通胀转向就业
Feng Huang Wang·2025-09-17 22:25