#鲍威尔半年度货币政策证词

Powell Stands Firm Against Trump: I Won't Cut Rates Until the Tariff Bomb is Dismantled!

Fed Chief Powell spoke in Congress today: No rate changes for now!

Why? The biggest variable is the tariffs Trump is imposing! Powell said: How much impact will this have? Will it cause prices (inflation) to soar? Or will it slow down the economy? No one knows for sure! The Fed is choosing to hold back, and see what happens first.

This made Trump furious! He directly criticized Powell on social media, complaining that he wasn't cutting rates quickly enough.

Powell explained: The tariff bomb could trigger two consequences:

1. Price increases (inflation): Imported goods become more expensive, and people have to pay more for things.

2. Economic weakness (growth slowdown): Business costs are higher, and it's harder to do business.

Although the actual damage doesn't seem too great so far, the uncertainty itself is frightening! Powell warned: This impact could be short-term pain or long-term pain, depending on whether businesses pass on all the costs to consumers, and whether people's expectations about price increases remain stable.

However, Powell also reassured everyone:

• The U.S. economy and job market are rock solid.

• Inflation is indeed slightly higher than the target.

Key takeaway: There may be major action in July! Although Powell is holding steady this time, some people inside the Fed are already saying: A rate cut may really happen next month (July)!

In summary: The Fed is waiting for Trump's tariff smokescreen to clear before deciding what to do next. The game between the central bank and the president is not over!