The 2025 FOMC voting committee, St. Louis Federal Reserve President Musalem, the 2026 FOMC voting committee, Cleveland Federal Reserve President Hamak, and Federal Reserve Governor Bowman will speak at a panel meeting to be announced in ten minutes.
美联储Musalem表示,如果通胀上升被证明是短暂的,预期保持稳定,经济明显走弱,那么降息仍然是可能的。关税对通胀的影响可能是短暂的,但同样可能会更持久。在关税对通胀的影响变得明显之前,不应承诺降息。美国经济活动有所放缓,情绪有所下降。
Mousalem, the Federal Reserve, said he was watching closely to see if rising short-term inflation expectations trickled down into longer-term expectations, which could make fighting inflation more difficult and reduce the Fed's flexibility to respond to labor market weakness. He noted that there was a high degree of uncertainty about the effects and timing of tariffs and other new policies, and that even if the job market weakens, there is a "clear possibility" of inflation reaccelerating...
US economic growth is likely to fall "substantially" below trend and unemployment will rise this year as businesses and households adjust to higher prices driven by new import tariffs, according to the Federal Reserve. "I don't have a baseline for a recession but I think growth is likely to be significantly below trend," said Mr. Musallam, who estimated growth at about 2 per cent.
The Federal Reserve's Mousalem said it expects U.S. economic growth this year to fall well short of expectations of 2 percent. The baseline outlook does not point to a recession, but declining confidence, high prices, and a loss of household wealth all point to slower growth. Financial conditions have tightened, but no market failures have been seen in the recent volatility. Markets are reacting to a reassessment of global economic growth. Tensions between the Fed's dual-mandate objectives come ...
The Federal Reserve said it expects inflation to fall back to 2% by 2027. It does not think a recession is imminent.
Mr. Musalem said the labour market was at or near full employment. Given that inflation is likely to exceed the target, it is appropriate to keep policy as it is. Inflation may be higher than expected in the near term, and economic growth may be lower than expected.
Federal Reserve Musallam: The economy is expected to continue to grow solidly, but recent consumer and housing data pose some downside risks. Restrictive monetary policy still needs to be maintained to ensure inflation returns to its 2% target.
The U.S. economy is expected to continue expanding this year, but recent weaker-than-expected consumption and housing data, as well as reports from business contacts, have raised concerns that growth could be at risk, St. Louis Fed President Robert Mousalem said. "Prospects for continued solid economic growth are good, the labor market is healthy, and financial conditions are supportive," he said. "But recent data have been weaker than expected, and there are some signs that...
The Federal Reserve Bank of St. Louis is reviewing the Trump administration's executive order on financial regulators, said Mousalem, chairperson of the Federal Reserve Bank of St. Louis (FOMC 2025). The US banking system is strong and the capital position is good.
The Federal Reserve may pause interest rate cuts at its upcoming meeting.
Mr. Musalem said further rate cuts were possible given the economic outlook; supported last month's decision to cut rates by 50 basis points; the Fed needed to be patient; inflationary pressures were expected to continue to moderate; and employment and inflation were in "good shape".
The 2025 FOMC voting committee and St. Louis Federal Reserve President Mousalem will speak in ten minutes on the economic outlook and monetary policy.
Federal Reserve Musallam: Personal interest rate expectations are higher than the Federal Reserve's median view.
Mr. Musalem said recent data showed the Fed was making progress in controlling inflation and hoped for more evidence that inflation was heading towards 2 per cent.