good-To The Moon - Tiger Brokers Online Investing Community - To The Moon

Like
Comment
Favorite

kim_8904
2022-09-09

good

Powell: The Fed needs to act now to avoid the social costs of inflation

9月8日，美联储主席鲍威尔今日参加卡托研究所举办的有关货币政策的会议。美联储主席鲍威尔会上表示，如果没有新冠疫情，不会看到如此高的通胀率。鲍威尔还表示，美联储认为需要直截了当地对通胀采取行动，美联储需

Powell: The Fed needs to act now to avoid the social costs of inflation

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Like

Report

Comment

Top
Latest

empty

No comments yet

Most Discussed

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":9938704122,"tweetId":"9938704122","gmtCreate":1662674261267,"gmtModify":1676537112406,"author":{"id":3582749181936620,"idStr":"3582749181936620","authorId":3582749181936620,"authorIdStr":"3582749181936620","name":"kim_8904","avatar":"https://static.tigerbbs.com/c3a7b2ec68592f23ba2b7dd63757473e","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":3,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"html":"<html><head></head><body><p>good</p></body></html>","htmlText":"<html><head></head><body><p>good</p></body></html>","text":"good","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9938704122","repostId":1141251181,"repostType":4,"repost":{"id":"1141251181","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1662643384,"share":"https://ttm.financial/m/news/1141251181?lang=en_US&edition=fundamental","pubTime":"2022-09-08 21:23","market":"other","language":"zh","title":"Powell: The Fed needs to act now to avoid the social costs of inflation","url":"https://stock-news.laohu8.com/highlight/detail?id=1141251181","media":"老虎资讯综合","summary":"9月8日，美联储主席鲍威尔今日参加卡托研究所举办的有关货币政策的会议。美联储主席鲍威尔会上表示，如果没有新冠疫情，不会看到如此高的通胀率。鲍威尔还表示，美联储认为需要直截了当地对通胀采取行动，美联储需","content":"<p><html><head></head><body>On September 8, Federal Reserve Chairman Powell attended a meeting on monetary policy held by the Cato Institute today. Federal Reserve Chairman Jerome Powell said at the meeting that without COVID-19 pandemic, such a high inflation rate would not be seen. Powell also said the Fed believes it needs to act straightforwardly on inflation, and the Fed needs to act now to avoid the social costs of inflation. Past experience warns against premature policy relaxation.</p><p><img src=\"https://static.tigerbbs.com/68709fd25713eefc3ea454c86f2bb7bd\" tg-width=\"536\" tg-height=\"302\" referrerpolicy=\"no-referrer\"/></p><p>Powell said the Fed needs to act now to avoid the social costs of inflation. The Federal Reserve has a responsibility and is willing to shoulder the responsibility of stabilizing prices. The longer inflation is above target, the greater the risk. The Fed is firmly committed to reducing inflation and will not be influenced by political factors. History cautions us against premature relaxation.</p><p>Powell emphasized that it is very important to maintain inflation expectations. The Fed's job is to ensure that inflation expectations are anchored. Labor market demand remains very strong. Wage levels are rising. Hopefully, there will be a period of economic growth slower than trend. Economic growth below the trend level will provide a better balance in the labor market. In recent labor market reports, an increase in the popular labor force participation rate is seen.</p><p>On the interest rate front, Powell said the relationship between money supply and inflation has been volatile. The Fed has never explicitly linked its policy to any particular formula. Not sure what the terminal rate is. Nominal revenue targets have been looked at but don't think it's the right thing to do.</p><p>On the issue of shrinking balance sheet, Powell said that the current operating framework of shrinking balance sheet is good, and he is ready to adjust the scale of shrinking balance sheet according to economic needs, and there is no reason to return to the level of scarce reserves. The two goals of the Federal Reserve do not conflict at all. There is no reason to move to a single mission. Don't want the scope of the Fed's mission to expand or shrink. The two main missions of the Fed can be achieved in the medium term. The independence of the Federal Reserve is good for the public.</p><p>Overnight index swaps show a nearly 80% chance of the Fed's September rate hike of 75 basis points; The three major U.S. stock index futures fell in the short term, with Nasdaq futures falling 0.74%.</p><p><img src=\"https://static.tigerbbs.com/811ceacf92cc009ba1c0ebf9ca4e013f\" tg-width=\"386\" tg-height=\"186\" referrerpolicy=\"no-referrer\"/></p><p>Analysts commented on Fed Chairman Powell's speech: On the eve of the silent period, Powell did not provide any clues about whether the Fed's next move in rate hike will be 50 basis points or 75 basis points. However, after yesterday's WSJ article was published, the interest rate market has largely digested the rate hike expectation of 75 basis points. The fact that Powell did not oppose the proposal suggests that there will almost certainly be another massive rate hike.</p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Powell: The Fed needs to act now to avoid the social costs of inflation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPowell: The Fed needs to act now to avoid the social costs of inflation\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2022-09-08 21:23</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>On September 8, Federal Reserve Chairman Powell attended a meeting on monetary policy held by the Cato Institute today. Federal Reserve Chairman Jerome Powell said at the meeting that without COVID-19 pandemic, such a high inflation rate would not be seen. Powell also said the Fed believes it needs to act straightforwardly on inflation, and the Fed needs to act now to avoid the social costs of inflation. Past experience warns against premature policy relaxation.</p><p><img src=\"https://static.tigerbbs.com/68709fd25713eefc3ea454c86f2bb7bd\" tg-width=\"536\" tg-height=\"302\" referrerpolicy=\"no-referrer\"/></p><p>Powell said the Fed needs to act now to avoid the social costs of inflation. The Federal Reserve has a responsibility and is willing to shoulder the responsibility of stabilizing prices. The longer inflation is above target, the greater the risk. The Fed is firmly committed to reducing inflation and will not be influenced by political factors. History cautions us against premature relaxation.</p><p>Powell emphasized that it is very important to maintain inflation expectations. The Fed's job is to ensure that inflation expectations are anchored. Labor market demand remains very strong. Wage levels are rising. Hopefully, there will be a period of economic growth slower than trend. Economic growth below the trend level will provide a better balance in the labor market. In recent labor market reports, an increase in the popular labor force participation rate is seen.</p><p>On the interest rate front, Powell said the relationship between money supply and inflation has been volatile. The Fed has never explicitly linked its policy to any particular formula. Not sure what the terminal rate is. Nominal revenue targets have been looked at but don't think it's the right thing to do.</p><p>On the issue of shrinking balance sheet, Powell said that the current operating framework of shrinking balance sheet is good, and he is ready to adjust the scale of shrinking balance sheet according to economic needs, and there is no reason to return to the level of scarce reserves. The two goals of the Federal Reserve do not conflict at all. There is no reason to move to a single mission. Don't want the scope of the Fed's mission to expand or shrink. The two main missions of the Fed can be achieved in the medium term. The independence of the Federal Reserve is good for the public.</p><p>Overnight index swaps show a nearly 80% chance of the Fed's September rate hike of 75 basis points; The three major U.S. stock index futures fell in the short term, with Nasdaq futures falling 0.74%.</p><p><img src=\"https://static.tigerbbs.com/811ceacf92cc009ba1c0ebf9ca4e013f\" tg-width=\"386\" tg-height=\"186\" referrerpolicy=\"no-referrer\"/></p><p>Analysts commented on Fed Chairman Powell's speech: On the eve of the silent period, Powell did not provide any clues about whether the Fed's next move in rate hike will be 50 basis points or 75 basis points. However, after yesterday's WSJ article was published, the interest rate market has largely digested the rate hike expectation of 75 basis points. The fact that Powell did not oppose the proposal suggests that there will almost certainly be another massive rate hike.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b37cbfdbd9fac06fc4ae2f84ad058a92","relate_stocks":{},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141251181","content_text":"9月8日，美联储主席鲍威尔今日参加卡托研究所举办的有关货币政策的会议。美联储主席鲍威尔会上表示，如果没有新冠疫情，不会看到如此高的通胀率。鲍威尔还表示，美联储认为需要直截了当地对通胀采取行动，美联储需要现在就采取行动以避免通胀的社会成本。过往经验警告不要过早放松政策。鲍威尔表示，美联储需要现在采取行动以避免通胀的社会成本。美联储有责任并愿意承担稳定物价的责任。通胀高于目标的时间越长，风险越大。美联储坚决致力于降低通胀，不会受到政治因素的影响。历史告诫我们不要过早地放松政策。鲍威尔强调，能否维持通胀预期非常重要。美联储的工作是确保通胀预期得到锚定。劳动力市场需求仍然非常强劲。工资水平正在上升。希望有一段经济增长速度低于趋势的时期。经济增长低于趋势水平将给劳动力市场提供更好的平衡。在最近的劳动力市场报告中，看到了受欢迎的劳动力参与率的增加。在利率方面，鲍威尔表示货币供应和通胀关系一直不稳定。美联储从未明确将其政策与任何特定公式挂钩。不确定终端利率是多少。已经研究了名义收入目标，但不认为这是正确的做法。在缩表问题上，鲍威尔表示目前的缩表操作框架良好，准备根据经济需要调整缩表规模，没有理由回到稀缺储备金水平。美联储的两个目标完全不冲突。没有理由转向单一使命。不希望美联储使命范围扩大或缩小。可以在中期达成美联储的两大主要使命。美联储的独立性是对公众有利的。隔夜指数掉期显示，美联储9月加息75基点的可能性接近80％；美国三大股指期货短线跌跌，纳指期货跌0.74%.分析师评美联储主席鲍威尔讲话：在静默期前夕，鲍威尔没有提供任何关于美联储下一步加息行动是50个基点还是75个基点的线索。但在昨日《华尔街日报》的文章发表后，利率市场已基本消化了75个基点的加息预期。鲍威尔没有反对这一提议的事实表明，几乎可以肯定还会有一次大规模的加息。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2222,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}