Federal Reserve Closed-Door Meeting Transcript: Hawkish Stance as Solid as a Rock, Vigilant Against Speculation and Inflation Risks
The Federal Reserve Board recently held a closed-door meeting, where several core members expressed their views on the direction of monetary policy, financial risk prevention, and inflation management, showcasing a distinctly 'hawkish' overall stance and clearly signaling a 'refusal to hastily cut rates and a commitment to price stability.'
Core Member Speech: Confronting Risks, Refuting Market Overexpectations
Powell (Chairman): Although the current financial system appears robust, potential risks are continuing to accumulate, especially as highly leveraged speculative funds are highly sensitive to Federal Reserve policy directions. 'If we hastily initiate rate cuts, it is essentially providing liquidity to speculative markets, condoning casino-style trading. The Federal Reserve must adhere to its policy bottom line and never allow speculators to profit.'