"Group Eagle Collection": Never stop rate hikes

At the Jackson Hall Conference at the Global Central Bank this year, in addition to the high -profile Federal Reserve Chairman Powell released the "strongest eagle", the other participants' speech failed to make the market feel a trace of relaxation. The global economy The future is once again covered with a thick layer of overcast.

Powell simply reiterated at the meeting that the primary goal of the Federal Public Marketing Commission (FOMC) is to allow the US inflation rate to return to the target level of 2%.

He also emphasized that it takes time to restore prices not only, which means that the United States may go through a period of economic growth that continues to be lower than the trend, and there will be some softening labor market. This is undoubtedly a refutation to the recent market speculation. The Wall Street Bank has recently predicted that the Fed will soon turn to interest rate cuts.

Gita Gipinath, the first vice president of the International Monetary Fund (IMF), said in an interview that the United States may experience higher inflation within a period of time, and the primary task of economic aspects is to alleviate price increases and do not cut interest rates prematurely.

"We are in a period when inflation may maintain a high position for a period of time, and it will last at least one or two years. The first economic task is to reduce inflation rather than relaxing the policy prematurely." She said.

What do the rest of the officials think?

Mest: CPI is too early to see the top

Federal Reserve Bank of Cleveland President Loretta Metter said the Fed will continue to raise interest rates until a convincing evidence shows that inflation is alleviating. She added that it is too early to say whether price rise has been seen.

"We want it to be in a sustainable decline. I only need to see better inflation data for a few months before I can say that it has seen it." She said.

She also reiterated that the previous remarks said that interest rates might have to rise to more than 4%, and to maintain a period of time at this level to see price growth slowdown. In addition, this year's economic growth may be less than about 2%, and as interest rates rise, the unemployment rate may rise.

Bostek: Join the ranks of high interest rates

Raphael Bostic, chairman of the Atlanta Reserve, said on Friday that the Fed should maintain a high interest rate in "for a long time", which echoed his colleagues' views.

He added that inflation data showed that the economy was responding to the Fed's policy. He said that the Fed needs to adjust the policy to the level closer to the scope of restrictions, with a limited interest rate of 3.5%-3.75%, hoping to reach this level by the end of the year. He tends to raise interest rates in September 50 basis points.

He emphasized that it is too early to consider interest rate cuts. He said that the news of the supply chain challenge began to relieve. He expects the US economy will not decline.

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