米べいFRB 利下りさげを見送みおくり 政策せいさく金利きんりの据すえ置おき決定けってい 5ご会合かいごう連続れんぞく

The U.S. Federal Reserve Board FRB held a meeting to decide monetary policy and announced on the 30th that it would forgo an interest rate cut and keep the policy rate unchanged.

However, it has become an unusual situation where two board members support a rate cut and oppose the current stance, and with concerns rising over the expanding impact of tariff measures, the focus will be on decisions regarding future rate cuts.

The Federal Reserve held a two-day meeting through the 30th to decide monetary policy.

In its released statement, it pointed out that while recent economic indicators show that economic growth has slowed in the first half of this year, the unemployment rate remains low and the inflation rate is still somewhat high.

And at this meeting, they decided to forgo a rate cut and keep the policy interest rate unchanged for the fifth consecutive meeting.

Regarding the Federal Reserves monetary policy, President Trump made an unusual visit to the Fed headquarters on the 24th and, right in front of Chairman Powell, stated, I want him to lower interest rates, once again demanding a rate cut.

In this decision, two out of the eleven board members opposed it, and these two had indicated their intention to support a rate cut as early as at this meeting, citing reasons such as the stabilization of the inflation rate.

It is unusual for two members of the Board of Governors to oppose the FRBs monetary policy decision, and American media reports that this is the first time in 32 years.

Regarding future monetary policy, Chairman Powell stated at the press conference after the meeting, We have not made any decisions regarding the September meeting, emphasizing that decisions will be made after carefully examining employment and price data.

In addition to the impact of tariff measures, the focus will be on decisions regarding interest rate cuts as political pressure intensifies.

Regarding services, the inflation rate continues to decline, but the prices of some goods are rising due to increased tariffs.

However, he stated, The impact on inflation could be more persistent, so it is necessary to assess and manage that risk.

On top of that, he stated, For the time being, we are in a position to gain a deeper understanding of changes in the economic outlook and risks before adjusting our policy stance, expressing his view that the current decision is appropriate.

No decisions have been made regarding the meeting in September.

No decisions have been made regarding the meeting in September.

There is nothing decided in advance.

In addition to employment and the inflation rate, we will make decisions while also taking other information into consideration, he said.

On top of that, the governments of advanced countries have kept their distance from the decisions of central banks.

If there were no such distance, for example, there would be a strong temptation to manipulate interest rates to influence elections.

He stated, Thats not what we want, emphasizing the importance of independence from the government.

We should lower interest rates, he said, adding, Theyre having a meeting today, but hes doing a terrible job.

He’s always too late.

He said, I heard that the rate cut will not be today, but in September, criticizing Chairman Powell of the FRB and once again calling for an early rate cut.

On top of that, high interest rates affect the housing market.

He said, People cant take out loans or refinance, expressing concern that the Federal Reserves continued high interest rates are affecting the housing market.

Before the press conference, the Dow Jones Industrial Average was trading in positive territory compared to the previous day, but at one point it dropped by more than $370.

Additionally, the Nasdaq and S&P 500 stock indices also temporarily turned downward.

[Explanation] President Trumps demands are increasing; the FRB is Q

The FRB has once again decided not to cut interest rates, but President Trumps demands are getting even stronger, arent they?

Washington Bureau, Reporter Takuya Odajima A

President Trump visited the FRB headquarters, which you can see under renovation behind me, last week, and openly pressured for a rate cut by saying directly in front of Chairman Powell, I want you to lower interest rates.

Furthermore, just before this decision, he even said, Ive heard that they will cut rates at the September meeting.

In response, Chairman Powell denied at a press conference that anything had been decided, and added, If central banks and politics are not kept separate, there will be temptations to manipulate interest rates and influence elections, effectively warning President Trump.

On the other hand, two board members who support a rate cut opposed this decision, indicating that there is discord within the Fed.

Due to the impact of tariff measures, it is also necessary to determine how much prices will be pushed up in the future. Chairman Powell, who has been criticized by President Trump as a too slow man, is now facing a situation where his ability to make an interest rate cut at the appropriate timing is being put to the test.