Core Viewpoint - All Federal Reserve policymakers share equal responsibility for interest rate decisions [1] Group 1 - The statement emphasizes collective accountability among Federal Reserve officials regarding monetary policy [1]

Core Insights - The central bank of Indonesia is aligning its interest rate decisions with the anticipated decline in inflation projections for 2025 and 2026 [1] Group 1 - The interest rate decisions are made in accordance with the expected gradual decrease in inflation [1]

Core Viewpoint - The Reserve Bank of Australia (RBA) Chairman, Philip Lowe, does not believe there is inconsistency in the bank's interest rate decisions [1] - The RBA is lowering interest rates in a "reasonable and prudent manner" [1] - The RBA is performing "very well" in achieving a soft landing for the economy [1] Summary by Categories - **Interest Rate Decisions** - The RBA Chairman asserts that there is no perception of wavering in the bank's approach to interest rate decisions [1] - The current strategy involves a careful reduction of interest rates [1] - **Economic Outlook** - The RBA is confident in its ability to manage a soft landing for the economy, indicating effective monetary policy [1]

Core Viewpoint - The Reserve Bank of Australia's Governor, Philip Lowe, asserts that there is no inconsistency in the bank's interest rate decisions, emphasizing a steady approach to monetary policy [1] Group 1 - The RBA does not perceive any wavering in its interest rate decision-making process, indicating a commitment to its current strategy [1]

Group 1 - U.S. Treasury Secretary Scott Bessenet publicly questioned the Federal Reserve's judgment on interest rates, asserting that the two-year Treasury yield indicates that the benchmark rate is too high [1] - The current target range for the federal funds rate set by the Federal Reserve is 4.25%-4.5%, while the two-year Treasury yield has fallen to around 3.76% [1] - Bessenet suggested that the Federal Reserve should manage its spending like other agencies, in response to calls for Fed Chair Powell's resignation [1] Group 2 - Bessenet indicated that the legislation under review in the House includes a provision to raise the federal debt ceiling by $5 trillion, which would ensure fiscal operations continue until 2027 [2] - The Treasury Department has been using special accounting measures to maintain federal payment capacity within the statutory debt limit since January [2] - Bessenet mentioned that the debt management process is systematic and will consider unexpected factors, including the high overnight rates indicated by the two-year Treasury yield [2]

Core Viewpoint - The uncertainty surrounding Federal Reserve Chairman Jerome Powell's potential departure has prompted the Trump administration to consider multiple candidates for his successor, with a focus on someone who aligns with Trump's economic agenda [1][2]. Group 1: Succession Planning - Trump has indicated he has "two or three top candidates" in mind to replace Powell but has not disclosed their names [1]. - Discussions have occurred regarding the possibility of appointing Treasury Secretary Steven Mnuchin to serve simultaneously as both Treasury Secretary and Federal Reserve Chairman, which would break a long-standing tradition [1]. - Powell's potential continuation in his role has led to speculation about the administration's approach to selecting a successor who would be compliant with Trump's policies [2]. Group 2: Political Dynamics - The current political climate surrounding the Federal Reserve is more sensitive than usual, with Powell's silence on his future causing frustration among Trump's advisors [2][3]. - Trump's ability to reshape the Federal Reserve Board is limited, as current board member Adriana Kugler's term ends in January, providing only one opportunity to fill a vacancy before Powell's term ends [2]. - The nomination of a new chairman requires Senate approval, and the narrow Republican majority means Trump can afford to lose only three votes [3]. Group 3: Powell's Influence - If Powell remains on the Board, he can still influence interest rate decisions through the Federal Open Market Committee, which consists of 19 members [4]. - The potential new chairman's influence on monetary policy is uncertain, especially if the candidate is not from the current Board [4]. - Powell's established loyalty among current Board members may provide him with leverage, regardless of who succeeds him [4].

Group 1: US Economic Policy and Market Reactions - Trump believes there is no need to extend the tariff deadline of July 9, while the Treasury Secretary admits that completing all negotiations may be difficult [4] - The US Senate will begin voting on the "Big and Beautiful" bill on June 30 [4] - Trump suggests that the US should keep interest rates at 1% or 2% [4] - A poll shows President Trump's approval rating has dropped to a new low [4] - Federal Reserve's Kashkari expects two rate cuts starting in September, but the impact of tariffs may delay these cuts [4] - The Bank for International Settlements states that Trump's criticism of the Federal Reserve's rate decisions does not threaten its independence [4] - The Congressional Budget Office reports that the Senate version of Trump's tax cut plan will increase US debt by $3.3 trillion over the next decade [4] Group 2: International Trade Developments - Canada cancels the digital services tax to advance broader trade negotiations with the US [4] - A poll in Japan shows that the support rate for the Shigeru Ishiba cabinet has remained below 30% for four consecutive months [4] - The trade agreement reducing tariffs on UK automotive and aircraft parts has come into effect [4]

美联储施密德：在做出任何利率决策之前，美联储有时间研究关税对通胀的影响。 ...

美联储威廉姆斯：美联储将随着时间收集数据，以帮助制定下一次的利率决策。 ...

Core Viewpoint - The Federal Reserve Chairman Jerome Powell emphasized that political factors should not influence interest rate decisions [1] Group 1 - Powell stated that the Federal Reserve's primary focus should remain on economic indicators rather than political pressures [1] - He reiterated the importance of maintaining the independence of the Federal Reserve in its decision-making process [1] - Powell's comments come amid ongoing discussions about the impact of political events on monetary policy [1]