美联储重启降息，有何影响？

Group 1 - The Federal Reserve decided to cut interest rates by 25 basis points in September 2025, marking the fourth rate cut since 2024, primarily in response to a weak labor market [1] - The U.S. added only 22,000 non-farm jobs in August 2025, with the unemployment rate rising to 2.9%, indicating a significant slowdown in employment [1] - The current economic situation presents a rare combination of weak labor market and rising inflation, challenging traditional monetary policy frameworks [1] Group 2 - The credibility of employment data is under unprecedented scrutiny, with the Labor Department revising down the number of jobs added from April 2024 to March 2025 by 911,000, suggesting that 51% of previously reported jobs may not exist [2] - Frequent statistical discrepancies could undermine the scientific basis of the Federal Reserve's decisions and erode public trust [2] - The weakening of the Federal Reserve's independence and predictability may lead to systemic shocks in the U.S. Treasury market and the credibility of the dollar as a global reserve currency [2]