美联储理事沃勒：鉴于当前经济前景，没有必要急于降息

Core Viewpoint - The Federal Reserve has room to lower interest rates gradually due to a weakening job market, aiming to balance inflation control and employment support [1][2][3] Group 1: Interest Rate Policy - The current interest rates are 50 to 100 basis points above neutral levels, indicating ample room for adjustment without a crisis [3] - The Fed can adopt a moderate pace for rate cuts, avoiding aggressive actions [2][3] Group 2: Labor Market Assessment - The job market is described as "very weak," with growth near zero, but there is no indication of a sudden collapse [4] - Previous rate cuts have positively impacted the job market, suggesting continued rate reductions are warranted [4] Group 3: Inflation Outlook - Inflation is under control, with expectations of further decline in the coming months, despite current rates being above target [5] - Stable inflation expectations provide a basis for policy adjustments, allowing for rate cuts without relying solely on economic deterioration [5] Group 4: Balance Sheet and External Risks - Recent asset purchases by the Fed are not considered stimulative, and the banking reserves are at adequate levels [6] - External risks from tariffs are viewed as limited, and the interaction between the Fed and government is deemed appropriate [6]