<p>安娜·莫尼梅克（Anna Moneymaker）通过 Getty Images；德鲁·安格雷（Drew Angerer）通过 Getty Images</p><ul><li>特朗普利用周三的 ADP 报告作为新的借口，施压美联储降低利率。</li><li>私营部门的就业人数远低于预期，正值周五关键的劳动报告之前。</li><li>预测者表示，考虑到关税的通胀影响仍不确定，难以证明降息的合理性。</li></ul><p>“太晚了，鲍威尔” 再次成为总统的攻击目标。</p><p>这是唐纳德·特朗普给美联储主席杰罗姆·鲍威尔起的绰号，他今年多次表示鲍威尔在调整货币政策和降低美国人的借贷成本方面行动迟缓。</p><p>周三的私营部门就业报告是特朗普用来支持他对中央银行行长批评的最新数据。</p><p>ADP 数据显示，5 月份私营部门就业人数增加了 37,000，低于经济学家预期的 110,000 个职位。</p><p>“ADP 数据发布了！！！” 特朗普在周三早上私营部门就业数据公布后不久在 Truth Social 上写道。“‘太晚了’ 的鲍威尔现在必须降低利率。他真是不可思议！！！”</p><p>在 ADP 数据公布后，国债收益率因市场对美联储今年降息的预期而下滑。特朗普团队表示他关注的 10 年期美国国债收益率下降了 8 个基点，约为 4.37%。</p><p>特朗普表示他希望降低美国人的借贷成本，而疲软的经济数据——如新增就业人数——表明经济增长放缓，给美联储放宽货币政策提供了空间。</p><p>尽管如此，大多数预测者认为，考虑到预计的关税通胀影响，证明降息的合理性将是困难的。</p><p>在 5 月份的华盛顿会议上，鲍威尔暗示，由于通胀可能会比过去十年 “更不稳定”，利率可能会维持在较高水平。他还表示，可能会出现更频繁的 “供应冲击”，这可能会对经济造成挑战，但并没有明确将这些冲击归因于关税。</p><p>这并没有阻止总统施压中央银行尽快降息。今年，特朗普多次抨击美联储主席，称鲍威尔是 “重大失败者”，并表示鲍威尔的解雇 “来得太快”，尽管他后来澄清说他并不打算解雇美联储主席。</p>

<p>特朗普正在利用 ADP 关于私人就业的疲软报告，该报告显示 5 月份仅增加了 37,000 个职位，而预期为 110,000 个，以施压美联储降低利率。他批评美联储主席杰罗姆·鲍威尔，称其为 “太晚的鲍威尔”，并认为疲弱的经济数据支持他对降息的呼吁。然而，预测者认为，由于关税可能引发的通货膨胀，证明降低利率的合理性可能会面临挑战。尽管特朗普施压，鲍威尔已表示，由于通货膨胀波动和供应冲击，利率可能会维持较高水平更长时间</p>

<p>Anna Moneymaker via Getty Images; Drew Angerer via Getty Images</p>
<div class="lb-trans"><p>安娜·莫尼梅克（Anna Moneymaker）通过 Getty Images；德鲁·安格雷（Drew Angerer）通过 Getty Images</p>
</div><ul>
<li>Trump used Wednesday's ADP report as a fresh excuse to pressure the Fed to lower interest rates.</li>
</ul>
<div class="lb-trans"><ul>
<li>特朗普利用周三的 ADP 报告作为新的借口，施压美联储降低利率。</li>
</ul>
</div><ul>
<li>Private payrolls were much weaker than expected ahead of Friday's key labor report.</li>
</ul>
<div class="lb-trans"><ul>
<li>私营部门的就业人数远低于预期，正值周五关键的劳动报告之前。</li>
</ul>
</div><ul>
<li>Forecasters say it'll be hard to justify rate cuts with the inflationary impact of tariffs still uncertain.</li>
</ul>
<div class="lb-trans"><ul>
<li>预测者表示，考虑到关税的通胀影响仍不确定，难以证明降息的合理性。</li>
</ul>
</div><p>&#34;Too Late Powell&#34; is in the president's crosshairs again.</p>
<div class="lb-trans"><p>“太晚了，鲍威尔” 再次成为总统的攻击目标。</p>
</div><p>That's the nickname Donald Trump has given to Federal Reserve Chairman Jerome Powell, whom he's said repeatedly this year has been late to adjust monetary policy and lower borrowing costs for Americans.</p>
<div class="lb-trans"><p>这是唐纳德·特朗普给美联储主席杰罗姆·鲍威尔起的绰号，他今年多次表示鲍威尔在调整货币政策和降低美国人的借贷成本方面行动迟缓。</p>
</div><p>Wednesday's private payrolls report is the latest data point Trump is using to support his critique of the central bank chief.</p>
<div class="lb-trans"><p>周三的私营部门就业报告是特朗普用来支持他对中央银行行长批评的最新数据。</p>
</div><p>ADP data showed private payrolls rose 37,000 in May, lower than the 110,000 jobs economists were expecting.</p>
<div class="lb-trans"><p>ADP 数据显示，5 月份私营部门就业人数增加了 37,000，低于经济学家预期的 110,000 个职位。</p>
</div><p>&#34;ADP NUMBER OUT!!!&#34; Trump wrote in a post on Truth Social shortly after the private payrolls data rolled out Wednesday morning. &#34;'Too Late' Powell must now LOWER THE RATE. He is unbelievable!!!&#34;</p>
<div class="lb-trans"><p>“ADP 数据发布了！！！” 特朗普在周三早上私营部门就业数据公布后不久在 Truth Social 上写道。“‘太晚了’ 的鲍威尔现在必须降低利率。他真是不可思议！！！”</p>
</div><p>Treasury yields slid in the wake of the ADP figures on the outlook for the Fed to lower interest rates this year. The 10-year US Treasury yield, which Trump's team has said he's focused on, dropped eight basis points to about 4.37%.</p>
<div class="lb-trans"><p>在 ADP 数据公布后，国债收益率因市场对美联储今年降息的预期而下滑。特朗普团队表示他关注的 10 年期美国国债收益率下降了 8 个基点，约为 4.37%。</p>
</div><p>Trump has said he wants to lower borrowing costs for Americans, and weak economic data — like new payrolls — gives some indication that the growth is slowing enough to give the Fed room to loosen monetary policy.</p>
<div class="lb-trans"><p>特朗普表示他希望降低美国人的借贷成本，而疲软的经济数据——如新增就业人数——表明经济增长放缓，给美联储放宽货币政策提供了空间。</p>
</div><p>Still, most forecasters think it'll be difficult to justify lower rates, given the expected inflationary impact of tariffs.</p>
<div class="lb-trans"><p>尽管如此，大多数预测者认为，考虑到预计的关税通胀影响，证明降息的合理性将是困难的。</p>
</div><p>At a Washington, DC conference in May, Powell suggested that rates could stay higher for longer, due to the possibility that inflation will be &#34;more volatile&#34; than in the past decade. He also said there was the risk of more frequent &#34;supply shocks&#34; that could challenge the economy, but didn't attribute those shocks to tariffs explicitly.</p>
<div class="lb-trans"><p>在 5 月份的华盛顿会议上，鲍威尔暗示，由于通胀可能会比过去十年 “更不稳定”，利率可能会维持在较高水平。他还表示，可能会出现更频繁的 “供应冲击”，这可能会对经济造成挑战，但并没有明确将这些冲击归因于关税。</p>
</div><p>That hasn't stopped the president from pressuring the central bank to lower rates ASAP. This year, Trump has lobbed several shots at the Fed Chair, calling Powell a &#34;major loser,&#34; and stating that Powell's termination could not &#34;come fast enough,&#34; though he later clarified that he had no intention of firing the Fed Chair.</p>
<div class="lb-trans"><p>这并没有阻止总统施压中央银行尽快降息。今年，特朗普多次抨击美联储主席，称鲍威尔是 “重大失败者”，并表示鲍威尔的解雇 “来得太快”，尽管他后来澄清说他并不打算解雇美联储主席。</p>
</div><p>Read the original article on Business Insider</p>
<div class="lb-trans"><p>阅读 Business Insider 上的原始文章</p>
</div>

Trump just got fresh fuel in his fight against the Fed

- 特朗普利用 ADP 报告施压美联储降息，私营部门新增就业远低于预期。  
- ADP 数据显示 5 月私营部门新增 37,000 个职位，远低于预期的 110,000 个。  
- 尽管经济数据疲软，分析师认为降息的理由仍然不足。  

特朗普在与美联储的斗争中刚刚获得了新的助力