12月还会降息吗？美联储戴利：关税影响有限，应以“开放心态”迎接

Core Viewpoint - The President of the San Francisco Federal Reserve, Mary Daly, suggests that the U.S. economy may be experiencing a demand slowdown, but inflation related to tariffs appears to be under control. She emphasizes the need for an "open mindset" in discussions about potential further interest rate cuts this year [1]. Group 1: Economic Analysis - Daly analyzes the current economic situation, indicating that slowing wage growth points to a "negative demand shock." Despite high price growth, overall inflation levels are manageable, and import tariffs have not broadly increased price levels [1]. - She specifically highlights that the impact of tariffs on inflation is limited, primarily affecting goods rather than services, and inflation expectations remain anchored near target levels [2]. Group 2: Historical Context - Daly draws important historical comparisons, likening the current situation to the 1970s and 1990s. She warns against repeating the mistakes of the 1970s while also recognizing the potential benefits of the balanced policies of the 1990s, stressing the importance of not stifling economic growth and job creation [3]. - As a future voting member of the Federal Open Market Committee (FOMC), Daly's policy views will gain more influence, although she currently does not have voting power [3].