美联储按下宽松暂停键，鲍威尔坚定捍卫美联储独立性！一图速览

Core Viewpoint - The Federal Reserve decided to maintain the federal funds rate target range at 3.5-3.75% after three consecutive rate cuts, indicating no immediate urgency to resume rate cuts [1]. Group 1: Federal Reserve Decisions - The Federal Reserve's Open Market Committee voted 10-2 to keep the interest rate unchanged [1]. - Two Federal Reserve governors appointed by President Trump voted against the decision, advocating for a 25 basis point rate cut [4][6]. Group 2: Statements from Federal Reserve Officials - Chairman Powell emphasized the importance of the Fed's independence and stated that the timing of the next rate cut is not yet determined, allowing for gradual decision-making [7][8]. - Powell noted that there is still tension between employment and inflation, but the economic growth outlook has improved, with inflation performance meeting expectations [11]. Group 3: Institutional Interpretations - Kay Haigh from Goldman Sachs Asset Management predicts that the Fed will likely enter a prolonged period of policy observation, with potential rate cuts later in the year as inflation levels decrease [12]. - Lindsey Piegza, Chief Economist at Stifel, highlighted internal divisions within the Fed regarding concerns over insufficient job growth and high inflation, with some officials wary of further easing potentially accelerating inflation [13]. - Seema Shah from Invesco stated that strong consumer spending and fiscal policy are expected to support economic growth in the near term, suggesting no urgent need for significant rate cuts [14].