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Express News | Federal Reserve Governor Waller defends against slowing the balance sheet reduction, stating that the banking system's reserves are quite ample.
Express News | Federal Reserve's Williams stated that the risks of economic downturn and inflation rising are both very high.
The "number three" of the Federal Reserve: the economic outlook is full of uncertainties and the current interest rate level is appropriate.
① The President of the New York Federal Reserve, Williams, stated that given the economic performance in a considerably uncertain environment, the current MMF policy of the Federal Reserve is in the right position; ② This week, the Federal Reserve held rates steady for the second consecutive time at the interest rate meeting, maintaining the target Range for the federal funds rate at 4.25% to 4.5%, and also kept the forecast of two rate cuts this year.
It is unusual that the US dollar has fallen along with US stocks for such a long time!
Goldman Sachs pointed out that typically, the dollar tends to strengthen during the initial phase of a stock market correction; however, this time the dollar declined simultaneously with the stock market's repricing. If concerns about the USA economic outlook persist and the prospects for better returns overseas continue, the simultaneous decline of the dollar and the US stock market may persist in the short term.
Express News | Federal Reserve official Goolsbee stated that if the scope of tariffs is limited, then the impact on inflation is likely to be temporary.
Federal Reserve's Williams: "Moderately restrictive" interest rates are appropriate.
Williams stated that the impact of the trade, immigration, and regulatory policies of the Trump administration is still unclear, which has intensified the uncertainty regarding the economic outlook.