美国经济面临通胀上升与就业下行“双向风险”

Group 1 - The Federal Reserve Chairman Powell indicated that the U.S. economy faces "dual risks" of rising inflation and declining employment, with significant changes in trade, immigration, fiscal, and regulatory policies yet to be observed [1] - Powell noted that in the short term, inflation is at risk of rising while employment faces downward pressure, creating a challenging situation [1] - The Fed's recent Beige Book highlighted that uncertainty is suppressing business expectations, with consumer and business confidence indicators having significantly declined in the spring but still remaining below early-year levels [1] Group 2 - The Federal Reserve lowered the federal funds rate target range by 25 basis points to between 4.00% and 4.25%, marking the first rate cut of 2025 and following three cuts in 2024 [2] - Stephen Milan, a newly appointed Fed governor, cast the only dissenting vote against the rate cut, advocating for a 50 basis point reduction instead [2]