美联储最新发声！关税或令通胀高位持续

Core Viewpoint - Federal Reserve Governor Lisa Cook supports the recent interest rate cuts, emphasizing that the risks in the job market outweigh the persistent inflation pressures [1][4]. Group 1: Interest Rate Policy - Cook echoed Fed Chair Powell's statement that the current policy interest rate remains in a "slightly restrictive" range after the recent rate cuts [1][4]. - The decision to cut rates was made after weighing the risks of rising inflation against the risks of a weakening job market [4]. - Cook highlighted the importance of maintaining policy flexibility, indicating that every meeting, including the upcoming one on December 9-10, is a potential opportunity for action [4]. Group 2: Inflation Outlook - Cook warned that inflation in the U.S. may remain elevated over the next year due to the gradual impact of tariffs [2][5]. - She noted that communication with business leaders indicates that the full effect of tariffs on consumer prices has not yet been realized, with some companies adopting strategies to manage inventory costs before adjusting retail prices [5]. - Cook expects inflation to remain high in the coming year but believes that the impact of tariffs is a "one-time shock" that could eventually allow inflation to return to the Fed's long-term target of around 2% [5]. Group 3: Government Shutdown Impact - Cook mentioned that the current government shutdown could dampen economic activity in the current quarter and may have spillover effects on the private sector, but she views the overall impact as likely to be temporary [5]. Group 4: Legal Challenges - Cook's recent speech was her first public appearance since August, following a legal challenge against President Trump's attempt to remove her from the Fed [7]. - The Supreme Court has temporarily halted the president's request to remove Cook, with a hearing scheduled for January 2026, allowing her to remain in her position for the time being [7]. - Analysts believe that the outcome of this case could have significant implications for the independence of the Federal Reserve [8].