Odaily星球日报讯 “美联储传声筒”NickTimiraos：1 月份的通胀数据表现强劲，这使得美联储在年中之前进一步“重新调整”降息路径的理由站不住脚。（金十）

Odaily星球日报讯 “美联储传声筒”NickTimiraos：1 月份的通胀数据表现强劲，这使得美联储在年中之前进一步“重新调整”降息路径的理由站不住脚。（金十）

美联储传声筒：美联储年中前难以调整降息路径

Odaily Odaily News: "Fed Mouthpiece" Nick Timiraos: The strong performance of the inflation data in January undermines the Fed's rationale for further "recalibrating" the path of rate cuts before the middle of the year. (Gold Ten)

Odaily Odaily News: "Fed Mouthpiece" Nick Timiraos: The strong performance of the January inflation data undermines the Fed's rationale for further "recalibrating" the path of rate cuts before the middle of the year. (Gold Ten)

Fed mouthpiece: It will be difficult for the Fed to adjust the interest rate cut path before mid-year

Odaily Odaily News reports that Richard Clarida, former Vice Chairman of the Federal Reserve and current Global Economic Advisor at Pimco, has written an article reflecting on his experience during President Trump's first term from 2018-2019, and analyzing the challenges the Federal Reserve may face in 2025. While inflation expectations currently appear stable, tariff policies may underperform expectations and their uncertainty could pose a drag on economic growth, potentially leading to a significant downside surprise in inflation, which could impact monetary policy decisions. (Jinshi)

Former Fed Vice Chairman: Markets may underestimate the potential for inflation to cool this year

Odaily Odaily reports that Federal Reserve Chairman Powell conveyed a simple message to Congress on Tuesday at the start of his two-day hearing: due to the strong economic performance, the Federal Reserve can gradually decide when and whether to cut interest rates. According to the prepared speech, Powell will tell the Senate Banking Committee that "given that our current policy stance is not as restrictive as it once was, and the economy remains strong, we do not need to be in a rush to change our policy stance." Powell also defended last year's interest rate cuts, saying it was a necessary adjustment to its policy stance to address the improvement in inflation and the cooling of the labor market. Looking ahead, he said that if the inflation rate does not continue to decline to the target level and the economy remains stable, the Federal Reserve may keep interest rates unchanged for a longer period of time. Powell said that if the labor market is unexpectedly weak or the inflation rate declines faster than expected to the 2% target, the Federal Reserve may cut interest rates. (Jinshi)

Fed Chairman Powell: Fed does not need to rush to cut interest rates

Here is the English translation, with the content inside <> not translated:

The news from Mars Finance indicates that Nick Timiraos, a Wall Street Journal reporter known as the "mouthpiece of the Federal Reserve," pointed out that not all monthly CPI inflation reports are equally important. In an economy facing price pressures, the impact of the January CPI data is greater. In recent years, price increases in the United States in January have been exceptionally strong, reflecting a significant adjustment in prices at the beginning of the year. Timiraos stated that the inflation report to be released this week may show whether the Federal Reserve's efforts to lower inflation have cleared a key obstacle. Timiraos emphasized that this data is of great importance to the Federal Reserve. Alan Detmeister, who was responsible for the Federal Reserve's price and wage forecasting department, said that even if the first-quarter inflation data does not hit the Federal Reserve again, the increase in tariffs may give Federal Reserve officials reason to slow the pace of rate cuts. "This may make them more cautious in lowering interest rates."