金十数据7月24日讯，美国总统特朗普上月将联邦债务成本作为敦促鲍威尔降息的新理由。但一项新的 分析显示，解雇美联储主席并迫使其降低利率无济于事。德意志银行首席美国经济学家Matthew Luzzetti等人写道，撤换鲍威尔不会改变财政部的债务利息成本。特朗普一再呼吁降息3个百分点，并称 这将节省超过1万亿美元。但根据德意志银行团队的计算，这样做虽然短期国债收益率下降，但长期国 债收益率上升，这是由于人们担心美联储更加顺从将意味着通胀率上升。具体来说，如果特朗普解雇鲍 威尔，财政部到2027年只能节省120亿至150亿美元。 德意志银行：解雇鲍威尔不会节省太多债务成本 ...

债务成本飙升 英国政府借款额超预期数十亿英镑 智通财经7月22日电，英国国家统计局周二表示，债务利息支付激增导致预算赤字升至207亿英镑（279 亿美元），较去年同期增加66亿英镑，远超市场预期的175亿英镑，可能加剧市场对政府为巩固公共财 政而可能增税的猜测。英国国债在报告发布后跌幅超过德国和美国国债，英国10年期国债收益率上升3 个基点至4.63%。 ...

Core Viewpoint - The Federal Reserve's mission is focused on employment and price stability, not on reducing government debt costs through interest rate cuts [1] Group 1 - Goolsbee from the Federal Reserve expressed confusion over the argument that the Fed should lower interest rates to reduce government debt costs [1] - The Federal Reserve's mandate is primarily concerned with employment and inflation control [1]

Core Viewpoint - Concerns regarding the rising cost of U.S. debt remain significant, particularly with the upcoming budget negotiations in Congress [1] Group 1: Debt and Fiscal Policy - The U.S. budget is expected to be finalized within the next month before Congress recesses, maintaining worries about long-term bond yields [1] - Even with an anticipated $250-300 billion in tariff revenue, the fiscal deficit is projected to remain around 7% of GDP [1] - The likelihood of reducing the debt level in the short term is low, as the Trump administration is not expected to implement tax increases or substantial spending cuts [1] Group 2: Borrowing Costs - The only feasible way to lower the deficit appears to be through a significant decrease in borrowing costs [1]

英国央行行长贝利：（就量化宽松或紧缩）英国将比其他国家更长时间享有较低债务成本的优势。 ...

Core Viewpoint - The article discusses President Trump's ongoing pressure on the Federal Reserve to lower interest rates as a means to alleviate the burden of the U.S. government's debt costs, highlighting the intersection of the U.S. fiscal deficit and complex financial systems [1][3][4]. Group 1: Economic Context - The U.S. is facing a significant federal budget deficit, which has become a critical issue for the economy, described as a "sword of Damocles" hanging over it [3]. - Recent data from the U.S. Treasury indicates that interest payments on federal debt reached approximately $776 billion over the past eight months, a 7% increase compared to the same period last year [3]. - The current interest burden has surpassed defense spending, marking it as a major component of U.S. fiscal expenditures [3]. Group 2: Political Dynamics - Trump has openly pressured Federal Reserve Chairman Jerome Powell to lower interest rates, stating that failure to do so would result in significant financial costs for the government [4]. - The Trump administration estimates that a 2% reduction in interest rates could save the U.S. up to $600 billion annually in interest costs [4]. - The ongoing conflict between the Trump administration and the Federal Reserve reflects deeper economic contradictions, with the administration seeking to reduce debt burdens and stimulate growth while the Fed aims to balance inflation control and financial stability [4]. Group 3: Market Implications - The outcome of the struggle between the Trump administration and the Federal Reserve is expected to have significant implications for the future trajectory of the U.S. economy and could create ripples in global financial markets [4].