美联储，突发！鲍威尔，新动向！

Core Viewpoint - The meeting between Federal Reserve Chairman Jerome Powell and President Trump highlights ongoing tensions regarding monetary policy, particularly the pressure for interest rate cuts amid economic uncertainties [1][2][3]. Group 1: Meeting Details - On May 29, Powell met with Trump at the White House to discuss economic growth, employment, and inflation, but did not share his monetary policy expectations [1][2]. - White House Press Secretary Kayleigh McEnany confirmed the meeting and noted Trump's belief that Powell's decision not to lower interest rates was a mistake, potentially putting the U.S. at a competitive disadvantage [2][3]. Group 2: Economic Context - Powell emphasized that monetary policy decisions will be based on forthcoming economic data and will remain non-political, aiming for maximum employment and price stability [1][3]. - The Federal Reserve maintained the federal funds rate target range at 4.25% to 4.50% during its recent meeting, marking the third consecutive decision to keep rates unchanged [2]. Group 3: Trade Policy and Economic Impact - Powell mentioned the term "tariffs" over 20 times during a press conference, indicating concerns about consumer sentiment and potential inflationary impacts from tariffs, although these effects have not yet appeared in economic data [3][5]. - The uncertainty surrounding the Trump administration's trade policies could lead to inflation increases, slower economic growth, and higher unemployment rates [3][5]. Group 4: Federal Reserve Officials' Perspectives - San Francisco Fed President Mary Daly suggested that the Fed might still lower rates twice this year, but current rates should remain stable to ensure inflation aligns with the 2% target [5][6]. - Dallas Fed President Lorie Logan indicated that it may take time to assess the economic response to tariffs and other policy changes before adjusting rates [6][7]. - Chicago Fed President Austan Goolsbee noted that resolving trade disputes could allow the economy to return to pre-tariff conditions, potentially enabling rate cuts if stable employment and inflation targets are met [7].