Core Viewpoint - The recent statements from Federal Reserve officials indicate a potential shift in monetary policy, with expectations of lower interest rates in the coming months despite rising short-term inflation expectations [2][4][5]. Group 1: Federal Reserve's Monetary Policy Outlook - Federal Reserve's Goolsbee expressed that while short-term inflation expectations are rising, long-term expectations remain stable, suggesting confidence in lower interest rates over the next 12 to 18 months [2][4][5]. - Goolsbee emphasized the need to assess the overall economic situation, indicating that tariff impacts on productivity are just one of many factors influencing monetary policy decisions [5]. Group 2: Political Pressures and Market Reactions - The potential for political interference in the Federal Reserve's independence has raised concerns among investors, particularly following President Trump's comments about possibly dismissing Chairman Powell [9][12]. - Following these comments, the dollar index experienced a significant drop, falling over 1% to a three-year low, while U.S. stock index futures also declined sharply [9][10]. - Analysts warn that if the Federal Reserve succumbs to political pressures, it could lead to a devaluation of the dollar and a surge in gold prices, with extreme predictions suggesting gold could reach $4500 per ounce by the end of 2025 [13]. Group 3: Legal Framework and Independence of the Federal Reserve - Legal scholars generally agree that the President cannot easily dismiss the Federal Reserve Chairman, as the Federal Reserve Act stipulates that board members can only be removed for "cause," interpreted as serious misconduct [15][16]. - The existing legal framework is designed to ensure that the Federal Reserve's policies remain insulated from short-term political pressures, which is crucial for maintaining economic stability [16].
刚刚!美联储,回应了!
券商中国·2025-04-21 13:33