鲍威尔警示经济面临通胀与就业“双向风险”

Group 1 - The core viewpoint is that the U.S. economy is facing a "dual risk" of rising inflation and declining employment, complicating monetary policy decisions [1] - Federal Reserve Chairman Jerome Powell indicated that inflation risks are skewed to the upside while employment risks are skewed to the downside, describing the situation as "challenging" [1] - Recent data shows a slowdown in U.S. economic growth, with a slight increase in unemployment and signs of cooling consumer spending [1] Group 2 - Powell stated that the labor market is showing signs of weakness, with both labor supply and demand slowing down, and emphasized that the current labor market weakness is not solely due to immigration factors [1] - The Federal Reserve recently lowered the federal funds rate target range by 25 basis points to 4.00%-4.25%, marking the first rate cut of 2025 and following three cuts in 2024 [1] - Powell clarified that the Fed's policy is not a pre-set roadmap and will be adjusted flexibly based on economic outlook and risk balance [2] Group 3 - Powell noted that U.S. stock market valuations appear relatively high, but there are currently no significant signs of rising financial stability risks [2] - The Trump administration has exerted pressure on the Fed for substantial rate cuts, with Powell asserting that political factors are not considered in their decisions [2] - Upcoming key data releases, including GDP and core PCE, are expected to increase uncertainty regarding future policy directions [2]