特朗普要求美联储再次降低利率

2025年5月2日，唐纳德·特朗普总统再次要求美联储降低利率。

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.

唐纳德·特朗普总统周五再次要求美联储降低利率，因为他的政府继续处理美国最新的就业报告。

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.

据劳工统计局报道，非农业工资就业人数在4月增加了177,000。这是3月的报告，该报告被修改为增加151,000个工作岗位。道琼斯（Dow Jones）进行调查的经济学家一直期望就业收益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.

失业率保持不变，为3.8％，而平均每小时收益率上升了0.2％，这符合预期。经济学家预计会增长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，特朗普强调了“非常低”的消费者价格和“巨大”就业增长。他说，“中国正在支付不公平的关税”，美联储应“降低利率刺激（开放）经济”。

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.

美国的美元非常强，尤其是相对于其他主要货币，这给我们的农民和出口商施加了压力。关税是由中国而不是美国支付的，并将用于填补财政部。在非常低的通货膨胀和巨大的就业增长中，美联储应降低利率，以刺激（开放）经济。

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

- 唐纳德·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.

总统此前曾在其经济更新期间提出类似的要求，尤其是在强调积极的就业或经济数据时。然而，尽管特朗普的推动力，美联储尚未计划改变其立场。

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.

三月会议结束后，美联储主席杰罗姆·鲍威尔（Jerome Powell）表示，中央银行在做出利率决定时必须考虑长期风险。他补充说，如果稍后出现真正的问题，降低率太早将降低美联储的行动能力。

Powell Keeps Interest Rates Unchanged Despite Inflation Risks

尽管有通货膨胀的风险，鲍威尔仍然保持利率不变

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.

杰罗姆·鲍威尔（Jerome Powell）和美联储的其他成员仍在专注于管理通货膨胀和观察全球贸易风险。他们的一个关键问题是鲍威尔在最近的评论中强调的美国关税引起的不确定性。

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.

这些关税使得很难预测未来几个月的经济如何发展，如果不仔细处理，它们可能会破坏美国财务状况。由于这种不确定性，美联储认为，过早降低利率（尤其是在就业报告之后）风险。

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.

现在，如果稍后发生重大的经济危机，降低的利率将降低可用的响应工具。因此，鲍威尔强调需要推迟任何变化，直到长期风险变得更加明显。

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.

今年早些时候，特朗普威胁要撤消鲍威尔在对美国货币政策上的意见分歧中的差异。但是，联邦法律阻止总统无故解雇美联储主席。当特朗普首次构成威胁时，它在市场上引发了短暂的波动，但总统后来退缩了这一声明。

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.

来自CME组的市场数据表明，在下一次美联储会议期间，几乎没有降低税率的机会。根据CME利率预测工具，交易者预计美联储将保持利率稳定，尤其是在劳动力市场报告之后。

Crypto Market Reacts To Trump Rate Cut Pressure

加密市场对特朗普的速率削减压力做出反应

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.

加密市场通常会受到利率期望的转变影响。当利率较低时，由于投资者倾向于将资金从传统的储蓄期权转移到高风险资产中，因此比特币和以太坊等资产可能会增加需求，从而有可能获得更好的回报。

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.

特朗普总统呼吁美联储降低利率的呼吁引发了加密货币领域的猜测。但是，重要的是要注意，美国中央银行不会根据加密市场的行为来做出决定。

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，美联储在决定是否调整利率时，将关注诸如就业数据，通货膨胀趋势以及美国经济的总体稳定性等指标。

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.

最近几个月，有报道称比特币的价格影响是在谣言说是关于美联储或特朗普对降低利率的立场的政策转变的谣言。这些报告引发了加密投资者的短期价格反应。但是，来自CME组的当前数据显示鲍威尔主席的利率没有预期的立即变化。

Analysts Say Fed Unlikely To Cut Rates Soon

分析师说，美联储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.

密歇根大学的经济学家贾斯汀·沃尔夫斯（Justin Wolfers）分享了他对美联储可能对四月工作人物的回应的想法。

“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.”

“我几乎可以肯定，美联储在下次会议上仍然搁置。到目前为止，真正的经济足够强大，无法保证降低税率。而且，大问题一切都落后了。鲍威尔很明显：他不想猜测那是什么，他想等待＆看到。这份报告是绝对合法的。白宫的解释是一个不同的问题。”

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

他的言论与CME速率预测工具的最新数字一致，