美联储高官：对通胀前景感到担忧，货币政策面临“一个充满挑战的时刻”

Core Viewpoint - Cleveland Federal Reserve Bank President Beth Hammack expresses concerns about inflation, indicating that monetary policy is at a "challenging moment" and showing caution towards further rate cuts [1][2] Inflation Concerns - Hammack believes inflation will remain above the Fed's 2% target for the next one to two years, potentially not returning to target until late 2027 or early 2028 [1][2] - She highlights persistent inflation pressures across overall, core, and particularly service sector inflation [2] Current Monetary Policy Stance - Hammack describes the current federal funds rate target range of 4.00%-4.25% as "moderately restrictive" and emphasizes that a shift to a more accommodative policy would require "more substantial economic weakness," which she does not currently observe [3] - Despite recent economic data supporting her cautious stance, market expectations for a rate cut at the upcoming Fed meeting remain high, with a 90% probability for a 25 basis point cut [3] External Challenges - Hammack acknowledges additional challenges facing the Fed, including discussions around the central bank's independence and the potential impact of a government shutdown on the economy [5] - She warns that a prolonged government shutdown could negatively affect GDP, indicating the need for the Fed to monitor long-term implications [5]