#鲍威尔发言 Below are the key points of Federal Reserve Chairman Powell's core speech after the interest rate meeting in June 2025 (130-word summary):

1. Interest Rate Policy: Maintain the benchmark interest rate at 4.25%-4.5%, emphasizing a "moderately restrictive" stance, with rate cuts dependent on signals of sustained inflation decline.

2. Inflation and Tariffs: Inflation slightly exceeds 2%, with tariffs pushing up the prices of goods (such as electronics), and the effects are expected to be more pronounced in the summer.

3. Economic Outlook: Downgraded the 2025 GDP growth rate to 1.4%, with a robust labor market but slowing wage growth.

4. Policy Path: The dot plot indicates potential rate cuts twice within the year, but divergences are widening, emphasizing "data dependence."

5. Political Response: Rebuts Trump's calls for rate cuts, reiterating the independence of the Federal Reserve.

*Risk Warning: Policy adjustments may be affected by delayed transmission of inflation and tariffs.*