美联储重大调整！鲍威尔最新警告：美国经济和央行将迎艰巨挑战

Core Viewpoint - The Federal Reserve, led by Chairman Powell, is facing challenges due to potential future inflation volatility and supply shocks, prompting a reassessment of its policy framework to adapt to significant changes in the economic environment since 2020 [1][3][5]. Group 1: Inflation and Economic Challenges - Powell indicated that the U.S. may be entering a period of more frequent and persistent supply shocks, which poses a significant challenge for both the economy and the central bank [1][3]. - The Fed is considering adjustments to its average inflation target, emphasizing the importance of stabilizing inflation expectations amid uncertainty [3][5]. Group 2: Policy Framework and Adjustments - The Fed's current policy framework was adopted five years ago, and a review is underway, expected to be completed by August or September, although it is unlikely to affect current interest rate settings [5]. - Powell noted that economic structures evolve over time, necessitating changes in monetary policy strategies, tools, and communication methods to address different economic challenges [5]. Group 3: Interest Rate Outlook - The Federal Reserve maintained the federal funds rate target range at 4.25%-4.5%, with increased risks of rising unemployment and inflation [7]. - Current predictions from Wall Street banks suggest that the Fed may not lower interest rates until December or later, with varying expectations on the timing and frequency of potential rate cuts [7].