特朗普要求美聯儲再次降低利率

2025年5月2日，唐納德·特朗普總統再次要求美聯儲降低利率。

President Donald Trump on Friday again asked the Federal Reserve to cut interest rates, as his administration continues to process the latest US jobs report.

唐納德·特朗普總統週五再次要求美聯儲降低利率，因為他的政府繼續處理美國最新的就業報告。

Nonfarm payroll employment rose by 177,000 in April, the Bureau of Labor Statistics reported. This follows March’s report, which was revised down to an increase of 151,000 jobs. Economists polled by Dow Jones had been expecting an employment gain of 190,000.

據勞工統計局報導，非農業工資就業人數在4月增加了177,000。這是3月的報告，該報告被修改為增加151,000個工作崗位。道瓊斯（Dow Jones）進行調查的經濟學家一直期望就業收益190,000。

The unemployment rate stayed unchanged at 3.8%, while average hourly earnings rose by 0.2%, in line with expectations. Economists expected a 0.3% increase.

失業率保持不變，為3.8％，而平均每小時收益率上升了0.2％，這符合預期。經濟學家預計會增長0.3％。

In a series of tweets, Trump highlighted the "very low" consumer prices and "tremendous" job growth. He stated that the "unfair Tariffs are being paid by China" and that the Fed should "cut interest rates to stimulate (open up) the economy."

在一系列推文中，特朗普強調了“非常低”的消費者價格和“巨大”就業增長。他說，“中國正在支付不公平的關稅”，美聯儲應“降低利率刺激（開放）經濟”。

The U.S. has a very strong Dollar, especially relative to other major currencies, which is putting pressure on our farmers and exporters. Tariffs are being paid by China, not the U.S., and will be used to fill up the Treasury. Factor in the very low inflation and the tremendous job growth, the Fed should cut interest rates to stimulate (open up) the economy even more.

美國的美元非常強，尤其是相對於其他主要貨幣，這給我們的農民和出口商施加了壓力。關稅是由中國而不是美國支付的，並將用於填補財政部。在非常低的通貨膨脹和巨大的就業增長中，美聯儲應降低利率，以刺激（開放）經濟。

— Donald J. Trump (@realDonaldTrump) April 5, 2025

- 唐納德·J·特朗普（@RealDonaldTrump）2025年4月5日

The president has previously made similar requests for rate cuts during his economic updates, especially when highlighting positive jobs or economic data. However, despite Trump’s push, the Federal Reserve has no plans to change its stance just yet.

總統此前曾在其經濟更新期間提出類似的要求，尤其是在強調積極的就業或經濟數據時。然而，儘管特朗普的推動力，美聯儲尚未計劃改變其立場。

After the March meeting, Fed Chair Jerome Powell said that the central bank must consider long-term risks when making rate decisions. He added that cutting rates too early would reduce the Fed’s ability to act if real problems emerge later.

三月會議結束後，美聯儲主席杰羅姆·鮑威爾（Jerome Powell）表示，中央銀行在做出利率決定時必須考慮長期風險。他補充說，如果稍後出現真正的問題，降低率太早將降低美聯儲的行動能力。

Powell Keeps Interest Rates Unchanged Despite Inflation Risks

儘管有通貨膨脹的風險，鮑威爾仍然保持利率不變

Jerome Powell and other members of the Federal Reserve are still concentrating on managing inflation and observing global trade risks. A key concern for them is the uncertainty arising from the U.S. tariffs, which Powell has highlighted in recent comments.

杰羅姆·鮑威爾（Jerome Powell）和美聯儲的其他成員仍在專注於管理通貨膨脹和觀察全球貿易風險。他們的一個關鍵問題是鮑威爾在最近的評論中強調的美國關稅引起的不確定性。

These tariffs make it difficult to predict how the economy will develop in the coming months, and they could destabilize U.S. finances if they are not handled carefully. Due to this uncertainty, the Fed believes that reducing interest rates prematurely—especially after a strong jobs report—carries risks.

這些關稅使得很難預測未來幾個月的經濟如何發展，如果不仔細處理，它們可能會破壞美國財務狀況。由於這種不確定性，美聯儲認為，過早降低利率（尤其是在就業報告之後）風險。

Lowering rates now would diminish the available tools for responding should a substantial economic crisis occur later. Therefore, Powell has emphasized the need to defer any changes until long-term risks become more apparent.

現在，如果稍後發生重大的經濟危機，降低的利率將降低可用的響應工具。因此，鮑威爾強調需要推遲任何變化，直到長期風險變得更加明顯。

Earlier this year, Trump threatened to remove Powell over their differences in opinion regarding U.S. monetary policy. However, federal law prevents the president from firing the Fed chair without cause. When Trump first made the threat, it sparked brief volatility in the markets, but the president later backed down from the statement.

今年早些時候，特朗普威脅要撤消鮑威爾在對美國貨幣政策上的意見分歧中的差異。但是，聯邦法律阻止總統無故解僱美聯儲主席。當特朗普首次構成威脅時，它在市場上引發了短暫的波動，但總統後來退縮了這一聲明。

Market data from the CME Group indicates almost no chance of a rate cut during the next Fed meeting. According to the CME rate prediction tool, traders anticipate the Fed to keep rates steady, especially following the labor market report.

來自CME組的市場數據表明，在下一次美聯儲會議期間，幾乎沒有降低稅率的機會。根據CME利率預測工具，交易者預計美聯儲將保持利率穩定，尤其是在勞動力市場報告之後。

Crypto Market Reacts To Trump Rate Cut Pressure

加密市場對特朗普的速率削減壓力做出反應

The crypto market is often impacted by shifts in interest rate expectations. When interest rates are low, assets like Bitcoin and Ethereum may see increased demand as investors tend to move their money away from traditional savings options into higher-risk assets that offer the potential for better returns.

加密市場通常會受到利率期望的轉變影響。當利率較低時，由於投資者傾向於將資金從傳統的儲蓄期權轉移到高風險資產中，因此比特幣和以太坊等資產可能會增加需求，從而有可能獲得更好的回報。

President Trump’s call for the Federal Reserve to cut interest rates has sparked speculation in the crypto sphere about a possible bullish move. However, it’s important to note that the U.S. central bank does not make its decisions based on how crypto markets behave.

特朗普總統呼籲美聯儲降低利率的呼籲引發了加密貨幣領域的猜測。但是，重要的是要注意，美國中央銀行不會根據加密市場的行為來做出決定。

Instead, the Fed focuses on indicators such as employment data, inflation trends, and the overall stability of the U.S. economy when deciding whether to adjust interest rates.

取而代之的是，美聯儲在決定是否調整利率時，將關注諸如就業數據，通貨膨脹趨勢以及美國經濟的總體穩定性等指標。

In recent months, there have been reports about Bitcoin’s price impact after rumors of a policy shift by the Fed or Trump’s stance on cutting interest rates. These reports have sparked short-term price reactions among crypto investors. However, the current data from the CME group shows no immediate changes expected in Chair Powell’s interest rates.

最近幾個月，有報導稱比特幣的價格影響是在謠言說是關於美聯儲或特朗普對降低利率的立場的政策轉變的謠言。這些報告引發了加密投資者的短期價格反應。但是，來自CME組的當前數據顯示鮑威爾主席的利率沒有預期的立即變化。

Analysts Say Fed Unlikely To Cut Rates Soon

分析師說，美聯儲不太可能很快降低利率

Justin Wolfers, an economist at the University of Michigan, shared his thoughts on the Federal Reserve’s likely response to the April jobs figures.

密歇根大學的經濟學家賈斯汀·沃爾夫斯（Justin Wolfers）分享了他對美聯儲可能對四月工作人物的回應的想法。

“I’m almost certain that the Fed remains on hold at its next meeting. The real economy (so far) is strong enough to not warrant a rate cut. And the big questions are all just over the horizon. Powell has been clear: He doesn’t want to guess what’s over that horizon, he wants to wait & see. The report is absolutely legit. White House interpretations are a different issue.”

“我幾乎可以肯定，美聯儲在下次會議上仍然擱置。到目前為止，真正的經濟足夠強大，無法保證降低稅率。而且，大問題一切都落後了。鮑威爾很明顯：他不想猜測那是什麼，他想等待＆看到。這份報告是絕對合法的。白宮的解釋是一個不同的問題。”

His remarks align with the latest figures from the CME rate prediction tool,

他的言論與CME速率預測工具的最新數字一致，