Odaily星球日报讯 美联储主席鲍威尔表示，劳动力市场仍然强劲，但通胀方面已经取得了相当大的进展，通胀回落之路又回到了正轨。同时，鲍威尔表示，如果劳动力市场意外走弱，这也会促使我们采取行动。但他拒绝就这是否意味着九月份降息的问题发表评论。他表示，美联储有能力花时间做出正确的决定（降息），尽管他很清楚“动作太慢和太晚”的风险。（金十）

鲍威尔：美联储有能力做出正确的降息决定，清楚降息太慢和太晚风险

Odaily Odaily News: Fed Chairman Powell said that the labor market remains strong, but considerable progress has been made in inflation, and the path of inflation decline is back on track. At the same time, Powell said that if the labor market unexpectedly weakens, this will also prompt us to take action. But he declined to comment on whether this means a rate cut in September. He said that the Fed has the ability to take the time to make the right decision (rate cut), although he is well aware of the risks of &quot;acting too slowly and too late.&quot; (Jinshi)

Powell: The Fed has the ability to make the right decision to cut interest rates, and is aware of the risks of cutting interest rates too slowly and too late

Odaily Odaily News: Chicago Fed President Goolsbee said that if the US inflation rate continues to fall back to the 2% target, policymakers should cut interest rates. Goolsbee said in an interview today, "We are on the road to 2% inflation. If you keep interest rates unchanged when inflation is falling, you are tightening, so you should make a decision instead of continuing to sit on your hands." Before Goolsbee made the above remarks, data released last week showed that the Federal Reserve's most favored inflation indicator, the PCE data in May, only rose by 0.1% month-on-month, the lowest level in six months. (Jinshi)

Chicago Fed President Goolsbee: The U.S. should cut interest rates if inflation falls back to the 2% target

Odaily Odaily News Market analysis believes that the consensus in the cryptocurrency market is that increased debt concerns will force the Federal Reserve and other central banks to cut interest rates, thereby stimulating more investors to flow into alternative assets such as Bitcoin. The Chicago Mercantile Exchange's FedWatch tool shows that traders expect the Federal Reserve to cut interest rates twice this year, by 25 basis points each time. However, the Bank for International Settlements said that premature easing of policies could reignite inflationary pressures and force costly policy reversals. In fact, the risk of inflation expectations de-anchoring has not disappeared, and pressure points still exist. In its annual report released on Sunday, it said: "Although financial market pricing currently shows only a small possibility of public fiscal pressure, confidence may collapse rapidly if economic momentum weakens and public spending is urgently needed in structural and cyclical aspects. Government bond markets will be hit first, but the pressure may spread more widely, as in the past." (Coindesk)

Analysis: The Fed’s rate cut has become a consensus in the crypto market, but the BIS warns that policy easing may trigger inflation again

This article reviews the past and present of TON, its core logic and ecological development.