火星财经消息, 四年前，美国前财政部长劳伦斯-萨默斯（Lawrence Summers）曾抨击美国财政和货币政策制定者过度刺激经济，导致一代人以来最大的通胀爆发风险。如今他再度警告说，价格压力有再次突破的危险。萨默斯在《华尔街周》（Wall Street Week）电视节目中说：“这可能是自 2021 年政策失误引发严重通胀以来，我们面临通胀升级的最敏感时刻。”萨默斯指出，就业市场的紧张迹象，包括上周公布的 1 月份就业数据中工资的大幅增长，已经为消费者价格的潜在回升提供了背景，即使在新政府采取任何措施之前也是如此。自该数据发布以来，美国总统特朗普还提高了进口商品的关税，并威胁要增加一系列其他关税。作为哈佛大学教授、彭博社电视台付费撰稿人的萨默斯说：“这是一个我们必须对通胀非常谨慎的时刻——甚至在白宫出台政策之前。”他敦促美联储对价格压力保持警惕，并认为在当前周期内可能不会进一步降息。美联储主席鲍威尔周二在参议院听证会上重申了他上个月的观点，即美联储在 2024 年最后几个月将基准利率下调 1 个百分点后，不必急于降息。萨默斯说：“这不是一种概率，但目前有一种非常真实的可能性，即美联储的下一步行动将是上调利率，而不是下调利率。对于任何形式的成本冲击，任何形式的有损通胀可信度的言论，任何形式的财政不负责任的措施，这都是一个特别危险的时刻。”2021 年初，萨默斯警告说，拜登的 1.9 万亿美元财政方案有可能助长通胀，这让一些民主党同僚感到不安。他还批评美联储没有充分关注价格风险。鲍威尔在 2022 年 3 月承认，“事后看来，我们应该更早加息”。相比之下，拜登的团队继续为他们的做法辩护。前财政部长珍妮特-耶伦（Janet Yellen）认为，更大的错误是做得不够，结果导致劳动力市场多年来伤痕累累。（金十）

<div>火星财经消息, 四年前，美国前财政部长劳伦斯-萨默斯（Lawrence Summers）曾抨击美国财政和货币政策制定者过度刺激经济，导致一代人以来最大的通胀爆发风险。如今他再度警告说，价格压力有再次突破的危险。萨默斯在《华尔街周》（Wall Street Week）电视节目中说：“这可能是自 2021 年政策失误引发严重通胀以来，我们面临通胀升级的最敏感时刻。”萨默斯指出，就业市场的紧张迹象，包括上周公布的 1 月份就业数据中工资的大幅增长，已经为消费者价格的潜在回升提供了背景，即使在新政府采取任何措施之前也是如此。自该数据发布以来，美国总统特朗普还提高了进口商品的关税，并威胁要增加一系列其他关税。作为哈佛大学教授、彭博社电视台付费撰稿人的萨默斯说：“这是一个我们必须对通胀非常谨慎的时刻——甚至在白宫出台政策之前。”他敦促美联储对价格压力保持警惕，并认为在当前周期内可能不会进一步降息。美联储主席鲍威尔周二在参议院听证会上重申了他上个月的观点，即美联储在 2024 年最后几个月将基准利率下调 1 个百分点后，不必急于降息。萨默斯说：“这不是一种概率，但目前有一种非常真实的可能性，即美联储的下一步行动将是上调利率，而不是下调利率。对于任何形式的成本冲击，任何形式的有损通胀可信度的言论，任何形式的财政不负责任的措施，这都是一个特别危险的时刻。”2021 年初，萨默斯警告说，拜登的 1.9 万亿美元财政方案有可能助长通胀，这让一些民主党同僚感到不安。他还批评美联储没有充分关注价格风险。鲍威尔在 2022 年 3 月承认，“事后看来，我们应该更早加息”。相比之下，拜登的团队继续为他们的做法辩护。前财政部长珍妮特-耶伦（Janet Yellen）认为，更大的错误是做得不够，结果导致劳动力市场多年来伤痕累累。（金十）</div>

美前财长萨默斯：通胀或再爆发，美联储下一步可能是加息

Here is the English translation, with <> elements retained:

Mars Finance News, four years ago, former U.S. Treasury Secretary Lawrence Summers criticized U.S. fiscal and monetary policymakers for overstimulating the economy, leading to the biggest inflationary outbreak in a generation. Now he is warning again that there is a danger of a renewed price surge. Summers said on the "Wall Street Week" TV program: "This may be the most sensitive moment we have faced in terms of the risk of an escalation of inflation since the policy mistakes of 2021 that led to severe inflation." Summers pointed out that signs of tightness in the labor market, including the sharp wage growth reported in the January employment data released last week, have already provided a backdrop for potential consumer price increases, even before any action by the new administration. Since the release of that data, U.S. President Trump has also raised tariffs on imported goods and threatened to add a series of other tariffs. As a Harvard University professor and paid columnist for Bloomberg TV, Summers said: "This is a moment when we need to be very careful about inflation - even before the White House takes action." He urged the Federal Reserve to remain vigilant on price pressures and believes that further rate cuts are unlikely in the current cycle. Federal Reserve Chairman Powell reiterated his views from last month in Senate testimony on Tuesday, that the Fed does not need to rush to cut rates after lowering the benchmark rate by 1 percentage point in the final months of 2024. Summers said: "This is not a probability, but there is a very real possibility that the Fed's next move will be to raise rates, not cut them. This is a particularly dangerous moment for any kind of cost shock, any kind of rhetoric that undermines the credibility of the fight against inflation, any kind of fiscally irresponsible measures." At the beginning of 2021, Summers warned that Biden's $1.9 trillion fiscal plan could fuel inflation, which unsettled some Democratic colleagues. He also criticized the Federal Reserve for not paying enough attention to price risks. Powell acknowledged in March 2022 that "in retrospect, we should have raised rates sooner." In contrast, Biden's team continues to defend their actions. Former Treasury Secretary Janet Yellen believes the bigger mistake was not doing enough, resulting in years of scarring in the labor market. (Jinshi)

<div>According to Ren Zhengfei, four years ago, former U.S. Treasury Secretary Lawrence Summers criticized the U.S. fiscal and monetary policymakers for overstimulating the economy, leading to the biggest inflationary risk in a generation. Now he is warning again that there is a danger of a renewed price surge. Summers said on the Wall Street Week TV program: "This may be the most sensitive moment we have faced in terms of the risk of an escalation of inflation since the policy mistakes of 2021 that led to serious inflation." Summers pointed out that the signs of tightness in the labor market, including the sharp increase in wages in the January employment data released last week, have already provided a background for the potential rebound in consumer prices, even before any action by the new administration. Since the release of that data, U.S. President Trump has also raised tariffs on imported goods and threatened to add a series of other tariffs. As a Harvard professor and paid columnist for Bloomberg TV, Summers said: "This is a moment when we have to be very careful about inflation - even before the White House takes action." He urged the Federal Reserve to be vigilant about price pressures and believes that further rate cuts are unlikely in the current cycle. Federal Reserve Chairman Powell reiterated his view from last month in a Senate hearing on Tuesday that the Fed does not need to rush to cut rates after lowering the benchmark rate by 1 percentage point in the final months of 2024. Summers said: "This is not a probability, but there is a very real possibility that the Fed's next move will be to raise rates, not cut them. This is a particularly dangerous moment for any kind of cost shock, any kind of rhetoric that undermines the credibility of inflation, any kind of fiscally irresponsible measures." At the beginning of 2021, Summers warned that Biden's $1.9 trillion fiscal plan could fuel inflation, which made some Democratic colleagues uneasy. He also criticized the Federal Reserve for not paying enough attention to price risks. Powell acknowledged in March 2022 that "in retrospect, we should have raised rates sooner." In contrast, Biden's team continues to defend their actions. Former Treasury Secretary Janet Yellen believes the bigger mistake was not doing enough, resulting in years of damage to the labor market.</div>

Former U.S. Treasury Secretary Summers: Inflation may break out again, the Fed's next step may be to raise interest rates

Odaily Odaily News reports that Federal Reserve Chairman Hamrick said that rate hikes are not in my basic expectations, the extent of the impact of the 2024 rate hike on the economy is still unclear, it may be close to the neutral interest rate, and will evaluate <US President Trump's> economic and trade policies, and expects to see changes in the Federal Reserve's stress tests in the coming months. (<Jinshi>)

Fed's Hammack: Rate hikes are not in my base case

Odaily Odaily News reports that Federal Reserve Chairman Harma stated that maintaining a stable interest rate for some time may be appropriate, and it would be better to take time to assess the impact of tariffs. A patient interest rate policy will give the Federal Reserve time to assess the economic situation. The Federal Reserve is well prepared to respond to changes in the economy. The risk of inflation is currently tilted to the upside, and it is unclear whether inflation will continue to decline to 2%. The economic situation is good, and the job market is stable. (Gold Ten)

Fed's Hammack: Keeping interest rates stable for a while may be appropriate

Odaily Odaily report: According to Neil Shearing, chief economist at Capital Economics, the uncertainty surrounding the trade policy of the United States under the leadership of Trump will have an impact on the real world, which is most evident in the Federal Reserve. In a report, he said that the Federal Reserve may face a once-in-a-century tariff price shock, or it may be a case of much ado about nothing. However, this uncertainty may be enough to keep Federal Reserve officials on the sidelines in the coming months. He said that if high tariffs are ultimately implemented, the resulting rise in inflation will prevent further easing of policy by 2025. Shearing said, "A lot depends on the whims of one person."