For release on delivery
10:00 a.m. EDT (8:00 a.m. MDT)
August 22, 2025
Monetary Policy and the Fed’s Framework Review
Remarks by
Jerome H. Powell
Chair
Board of Governors of the Federal Reserve System
at
“Labor Markets in Transition: Demographics, Productivity, and Macroeconomic Policy,”
an economic symposium sponsored by the Federal Reserve Bank of Kansas City
Jackson Hole, Wyoming
杰罗姆·鲍威尔在杰克逊霍尔的讲话中暗示降息的关键言论是：“在政策处于限制性区间的情况下，基准前景和不断变化的风险平衡可能需要我们调整政策立场。Nonetheless, with policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance.” 这句话表明，尽管高利率具有限制性，但由于经济前景的变化，尤其是在劳动力市场降温以及通胀上行风险减弱的情况下，可能需要进行调整。
