美国财长贝森特抨击美联储的利率管理机制

Core Viewpoint - The U.S. Treasury Secretary has expressed concerns about the complexity of the Federal Reserve's interest rate management and suggests a need for simplification [1] Group 1: Federal Reserve's Interest Rate Management - The current monetary policy has become very complex, necessitating a simplification process [1] - The Federal Reserve has introduced a new system known as the ample reserves framework, which appears to be loosening from the perspective of reserve adequacy [1] - The Secretary has not clarified what is meant by "loosening" in this context [1] Group 2: Concerns about the Federal Reserve's Balance Sheet - The Secretary has voiced particular concerns regarding the Federal Reserve's large balance sheet, which is believed to distort market pricing levels [1] - There is apprehension about the complex methods used by the Federal Reserve to manage interest rates, which rely on liquidity tools rather than the highly managed system used prior to the financial crisis nearly 20 years ago [1]