#鲍威尔发言

On June 18, 2025, Federal Reserve Chairman Powell conveyed a clear policy signal at a press conference following the FOMC meeting: the federal benchmark interest rate will remain at 4.25%–4.50%, and emphasized that future interest rate cuts will be "data-driven," with particular attention to inflation, employment, and the impacts of tariffs.

He pointed out that the U.S. government has reduced resources for economic data collection, which may impair the quality of inflation measurement and economic decision-making, and called for ensuring that institutional resources are sufficient to maintain policy reliability. Powell also warned that due to factors such as trade tariffs and geopolitical conflicts, inflation still faces "significant" upward pressure; therefore, even if interest rate cuts may happen in the future, it would be done "cautiously."

The market reacted calmly to this news, with slight fluctuations in the stock and bond markets, and a slight increase in the U.S. dollar index. Powell reiterated that the Federal Reserve will maintain its independence and resist political interference. Overall, this speech conveyed a strong signal of "continuing the current policy while closely monitoring economic changes."