Federal ReserveChairmanPowellIn just two weeks, the change in attitude has attracted widespread attention. Earlier this month,PowellIt was also indicated that it would not be consideredCut interest rates, but in the most recentFederal ReserveNegotiate interestMeetings, but he said it publiclyFederal Reservewill be discussedCut interest ratesmatters. Such a shift leads to speculationFederal ReserveWhether there are some dynamics inside the world that are not known to the outside world.
The original text mentions that the United StatescpiThe index shows that the inflation data is well controlled, whilePowell's stance is hawkish. The subsequent series of statements were neutral, but the rate was decided two weeks laterMeetingsonPowellBut he said that he was consideringCut interest rates。Based on the above information, this shift is not in line with thisPowellObviously, there must be other non-public factors behind his consistent statement, which influenced his decision-making.
Some people speculate that Biden is rightPowellPressure was applied. Biden is seeking re-election, and itsPoliticsOne of the capitals is the so-called "Biden."Economy"Learning": mercantilismEconomyAccommodative stimulus and competition with China. However, this policy has led to an increase in inflation, and Biden needs the Treasury andFederal ReserveCoupled with interest rate hikes and austerity policy to avoid a stagflationary crisis in the United States. In order to maintain the operation of **, reduce financial pressure, avoidEconomyRecession and maintaining popular support, Biden may be rightFederal ReservePressure was applied, demandedPowellConsiderCut interest rates
Federal ReserveAs an independent central bank, its decision-making should be based on pairsEconomyData and analysis of market movements to ensure:Economystability and growth. However, in realityPoliticsFactors are often right, tooFederal Reserve's decisions have an impact.
This article statesPowellAsFederal ReserveThe position of the chairman is very sensitive, he needs both independence for the United StatesEconomyservice to avoid falling intoPoliticsThe influence of the vortex is also controlledWorld currencyand has a significant impact on the world's central banks. However, recent shifts in attitudes showFederal Reservemay be affected to some extentPoliticsEffects of stress.
If Biden is rightPowellPressure was exerted for its considerationCut interest ratesto copeEconomyquestion, then this meansPoliticsfactors have influenced to a certain extentFederal Reservedecision-making. This can trigger outside world interestFederal ReserveDoubts and concerns about independence.
However, it is worth noting thatFederal ReserveAdjusting one's attitude in a short period of time does not mean that it is a blank check or a complete loss of independence. PowellPrevious statements may also have been based on those at the timeEconomyData and market expectations. And in the following two weeks, a number of new factors may arise, leading to:Federal ReservePolicies need to be reconsidered. In the process,PoliticsPressure may play a role, but it does not mean that the principle of independence has been completely abandoned.
In short,Federal ReserveThe change in attitude is not just caused byEconomyData and market performance determine,PoliticsFactors may also play a role. However, for an independent central bank, balancePoliticswithEconomyThe impact is a daunting task. In considerationPoliticsPressure at the same time, keep rightEconomy, market and global impact are still very important.