美联储在9月17-18日的政策会议上降息50个基点，幅度大于许多分析师的预期。在最新讲话中，杰斐逊解释了降息决定背后的原因，其措辞与美联储主席鲍威尔大致相同，即在保持经济健康的同时，仍在对抗通胀。On Tuesday (October 8), Vice Chairman Jefferson of the Federal Reserve stated that inflation is moving steadily towards the 2% target, while economic activity continues to grow at a steady pace. He also pointed out that the risks facing the missions of employment and inflation are currently close to balanced. When considering further interest rate cuts, he will focus on upcoming data, economic outlook, and risk balance.
On Tuesday (October 8), Philip Jefferson, the 'number two figure' of the Federal Reserve and Vice Chairman, stated that the purpose of the Fed's 50 basis point rate cut last month was to maintain a strong labor market in the situation of ongoing inflation slowdown.
In a speech prepared for an event at Davidson College in North Carolina, Jefferson pointed out that the Federal Open Market Committee (FOMC) has gained greater confidence and inflation is steadily moving towards our 2% target. In order to maintain a strong labor market, I and my FOMC colleagues adjusted our policy stance last month.
The Federal Reserve cut interest rates by 50 basis points at its policy meeting on September 17-18, which was greater than the expectations of many analysts. In his latest speech, Jefferson explained the reasons behind the rate cut decision, echoing Fed Chair Powell's sentiment that while maintaining a healthy economy, they are still combating inflation.
Risk Balance
Jefferson stated, 'Economic activity continues to grow at a steady pace. Inflation has significantly eased. The labor market has cooled from its previous overheated state.'
According to the Federal Reserve's target indicators, the year-on-year change in the Personal Consumption Expenditures Index in August showed an inflation rate of 2.2%, closer to the Fed's 2% target than the 6.5% two years ago. Jefferson said, 'I expect us to continue making progress towards this target.'
At the same time, the unemployment rate in August was 4.1%, slightly up from 3.8% a year ago. Jefferson noted, 'The cooling of the labor market is evident.'
He also pointed out that the risks facing the hotung inv employment and inflation targets of the central bank are currently close to balance. "The risks facing our two missions have changed. Inflation risks have decreased, while employment risks have risen, and these risks have roughly balanced."
Jefferson's wording is very similar to the statement issued by the Federal Reserve last month. He stated that when considering further interest rate cuts, he will focus on the upcoming data, economic outlook, and risk balance.
"My approach to formulating mmf policy is to hold meetings time and time again. As the economy evolves, I will continue to update my policy thinking to maximize employment and price stability."
Editor/ping
