鲍威尔 5 月新闻发布会要点总结:还不是时候判断价格目标和就业目标哪个更重要

Wallstreetcn
2025.05.07 23:49
  1. Monetary Policy: The Federal Reserve does not need to rush to adjust interest rate policies. Everything the Federal Reserve has supports the FOMC's inaction, such as the diminishing relationship between confidence data and spending data.
  2. Trump Tariffs: The impact of Trump's policies on inflation may be temporary. If Trump tariffs remain unchanged, the Federal Reserve cannot make progress on its (price + employment) policy goals. Companies are delaying investment decisions, and households are postponing consumption expenditure decisions. In such a situation, the Federal Reserve cannot take "preemptive" actions. Trade negotiations may substantially change the current situation.
  3. Inflation + Employment: The potential inflation situation is good. Data may easily meet one of the Federal Reserve's (price + employment) targets.
  4. Central Bank Independence:a. Trump's statement "will not affect our work at all."b. I have never requested to meet with any president, and it is hard to imagine I would request to meet with the President of the United States