新美联储通讯社：如何看待美联储内部降息分歧，未来几个月的通胀数据很重要

Core Viewpoint - The article discusses the significant internal debate within the Federal Reserve regarding the impact of tariffs on inflation and the potential for interest rate cuts in response to upcoming inflation data [1][4][11]. Group 1: Tariff Impact on Inflation - The Federal Reserve is divided on whether the costs associated with tariffs will justify maintaining high interest rates [1][3]. - The upcoming inflation data will be crucial in determining if tariffs will indeed push inflation higher and how the Fed will respond if inflation deviates from expectations [4][11]. - Recent changes, including a reduction in some extreme tariff increases and the extension of trade negotiations, have altered the landscape for inflation expectations [8][9]. Group 2: Federal Reserve's Response Strategy - The Fed's strategy may shift based on inflation and employment data over the next few months, with a potential for interest rate cuts if economic indicators show weakness [3][16]. - There is a split among Fed officials, with some believing that inflation expectations could become unanchored, while others anticipate that rate cuts may be warranted later this year [9][12]. - Fed Chair Powell's recent comments suggest a more flexible approach, indicating that the current interest rates may have been temporarily raised to guard against tariff-induced inflation [14][15][17].