#鲍威尔发言 Federal Reserve Chairman Powell stated after the interest rate meeting on June 19, 2025, that the current benchmark interest rate will remain unchanged at 4.25%-4.50%, in line with market expectations, and emphasized that future policy adjustments will heavily rely on data. He made it clear that inflation pressures driven by tariffs are becoming evident, and prices for goods are expected to rise more noticeably in the coming months due to tariff transmission, with certain categories (such as electronics) already experiencing price increases.

Powell noted that although the U.S. economy is growing robustly (with an expected growth rate of 1.4%-2%), the inflation level is still slightly above the 2% target, and the core PCE expectation has been raised to 3.1% (by the end of 2025). He described the current monetary policy as "moderately restrictive" and hinted at the possibility of two interest rate cuts within the year, but more data is needed to confirm the downward trend in inflation.

In response to Trump's criticism regarding interest rate cuts, Powell did not respond directly, reiterating the independence of the Federal Reserve and emphasizing that policies are based on economic data rather than political pressure. Additionally, he mentioned that issues in the housing market have been persistent, and the labor market is characterized by "low hiring and low firing," necessitating caution regarding the reemployment challenges faced by the unemployed.

In terms of market reaction, U.S. stocks showed mixed results, with expectations for interest rate cuts slightly rising to 48 basis points, but divisions among officials increased (with 7 opposing rate cuts within the year).