Odaily星球日报讯 前芝加哥联储主席埃文斯表示，鲍威尔说劳动力市场正在正常化，工资增长放缓，职位空缺依然健康，失业率大致符合政策制定者认为与央行 2%通胀目标一致的水平。如果仅此而已，那将是好事。但历史并不乐观。目前看来情况并非如此，但可能只需要一两份疲软的就业报告，就会需要采取积极的降息措施来对抗不断上升的失业率。等待的时间越长，实际调整就越难做出。（金十）

前芝加哥联储主席：可能只要一两份疲软的就业报告就需采取积极降息措施

Odaily Odaily News: Former Chicago Fed President Evans said that Powell said the labor market is normalizing, wage growth is slowing, job openings remain healthy, and the unemployment rate is roughly in line with the level that policymakers believe is consistent with the central bank&#39;s 2% inflation target. If that were all, it would be good. But history is not optimistic. It does not seem to be the case at the moment, but it may only take one or two weak employment reports before aggressive rate cuts are needed to combat rising unemployment. The longer you wait, the harder it will be to make actual adjustments. (Jinshi)

Former Chicago Fed President: It may only take one or two weak employment reports to take aggressive rate cuts

Some Federal Reserve observers expect Powell will not make specific predictions for September, but will instead remind everyone that the Federal Reserve is now focusing more on employment issues, as the job market is weakening. The Federal Reserve has a dual mandate to maintain price stability and full employment. With the rise in the unemployment rate, the latter has become increasingly important and has put greater pressure on the Federal Reserve to take action. In July, the U.S. unemployment rate rose to 4.3%, the highest level since October 2021. Wilmington Trust bond portfolio manager Luke Tilley expects Powell will discuss the natural rate of interest, also known as the "neutral rate," which helps the Federal Reserve understand the actual constraints on its monetary policy.

Fed watchers don't expect Powell to make specific September forecasts

Odaily Planet Daily reports that Allianz's chief economist, Eric, wrote that this week, Powell will face challenges at Jackson Hole, and he needs to seize this golden opportunity to re-establish the effectiveness of his forward-looking policy guidance, otherwise it may further undermine the effectiveness and reputation of his policies. Some well-known Wall Street analysts and financial observers have called for the Federal Reserve to immediately implement emergency inter-meeting rate cuts, but this is unnecessary and may even be harmful. (Gold Ten)

Allianz chief economist: Fed Chairman Powell will face challenges in Jackson Hole

PGIM's Chief U.S. Economist Tom Porcelli stated that the current 5.3% federal funds rate appears relatively high compared to the current consumer price inflation rate of less than 3%. Even if the rate is cut by 100 basis points, the Federal Reserve's policy would still be relatively tight. The policy is calibrated based on significantly higher inflation rates and significantly lower unemployment rates, but these conditions have already changed. (Jinshi)