Summary of Key Points from Powell's Press Conference on December 10

Wallstreetcn
2025.12.10 20:23
  1. Monetary Policy
    Does not believe that "the next time there will be a rate cut" is anyone's basic assumption.
  2. Labor Market
    Needs to cautiously assess household employment data. Those data that were not collected may cause (data) distortion. Technical factors may distort CPI and household employment data. The unemployment rate may only rise by one-tenth to two-tenths. Employment growth has been exaggerated, and there is no dispute about that. Artificial Intelligence (AI) may be one of the reasons for weak employment, but its impact is not significant.
  3. Inflation
    The United States has made progress in the area of non-tariff inflation. If the U.S. does not implement new tariffs, commodity inflation may peak in the first quarter of 2026.
  4. U.S. Government Shutdown in October-November
    The growth forecast for 2026 has been revised upward to some extent, reflecting the impact of the U.S. government shutdown in October-November.
  5. Personal Future
    No new plans after the term of the Federal Reserve Chairman expires
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