Workflow
就业‘缺口’
icon
Search documents
ETO MARKETS:美联储货币政策框架调整 就业与通胀目标的重新考量
Sou Hu Cai Jing· 2025-05-16 09:19
Group 1 - Federal Reserve Chairman Powell indicated that decision-makers are considering adjustments to the core elements of the monetary policy framework, including the definition of the U.S. employment "gap" and thoughts on achieving inflation targets [1][5] - The redefinition of the employment "gap" reflects the Federal Reserve's recognition of the complexities and dynamic changes in the labor market, aiming to create more effective monetary policy [3][5] - The average inflation targeting framework, introduced in 2020, allows inflation to exceed 2% for a period to compensate for previous low inflation, but its implementation faces challenges such as short-term volatility and market trust [4][5] Group 2 - Market reactions to Powell's statements suggest that the reconsideration of the employment "gap" and inflation targets may signal future adjustments in monetary policy [4][5] - Long-term adjustments by the Federal Reserve aim to enhance the effectiveness and flexibility of monetary policy in response to changing economic conditions, while also introducing some uncertainty regarding market expectations [5]