Core Viewpoint - The Chicago Federal Reserve Bank President Christopher Waller emphasizes a cautious stance on the current interest rate path, despite optimistic expectations for a significant rate cut by 2026, due to persistent high inflation over the past few years [1][2]. Inflation Concerns - Current U.S. inflation has remained above the Federal Reserve's 2% target for four and a half years, with businesses and consumers prioritizing rising prices as a key economic concern [1]. - Some inflationary pressures may stem from external factors like tariffs and are considered temporary, but prolonged pressures could complicate monetary policy [1]. Labor Market Insights - Waller notes only "slight cooling" in the labor market, with no evidence suggesting a deterioration that would prompt the Federal Reserve to restart rate cuts before early 2026 [1]. - He opposes recent calls for rate cuts, advocating for a wait-and-see approach to gather more clear signals regarding inflation trends [1]. Interest Rate Outlook - Waller expresses concerns about "premature interest rate cuts," arguing that loosening monetary policy before inflation stabilizes could undermine previous anti-inflation efforts [2]. - He remains optimistic about the possibility of significant rate reductions within the next year, contingent on inflation gradually easing as expected [2].
美联储官员古尔斯比重申降息需谨慎 高通胀与关税影响成关键考量
Xin Hua Cai Jing·2025-12-12 15:15