Group 1 - The Federal Reserve is adjusting its overall policy framework to address significant changes in inflation and interest rate outlooks in the post-pandemic era [2] - The economic environment has drastically changed since the pandemic began in 2020, necessitating a reassessment of the existing policy framework [2] - The rise in "real" interest rates post-inflation indicates increased instability in future inflation, prompting the need for a policy framework adjustment [2] Group 2 - The evaluation of the policy framework is expected to be completed by August or September, with no immediate impact on current interest rate settings [3] - Investors are advised to closely monitor the specific details of the adjustments once they are disclosed [3] Group 3 - The core elements of the Federal Reserve's policy framework are likely to be reshaped, with a greater focus on monitoring and responding to inflation volatility [4] - The Federal Reserve may reconsider the coordination between monetary and fiscal policies to better stabilize economic growth and the job market [4] Group 4 - The adjustment of the Federal Reserve's policy framework could trigger a "butterfly effect" in global markets, impacting capital flow patterns and potentially leading to currency fluctuations and financial market volatility [6] - The changes in policy will reshape investment logic for global investors, affecting interest rates, exchange rates, and asset prices [6] - The Federal Reserve's response to the new economic conditions in the post-pandemic era will have profound implications for both the U.S. and global economies and financial markets [6]