FOMC Chair's Press Conference on the Rate Hold Decision, Inflation Outlook, and Policy Strategy

This is the full press conference following the FOMC's decision to hold the federal funds rate target at 3.75%–4%. The chair explains the committee's assessment of growth, employment, and inflation, outlines the reasoning behind the decision, and answers questions from reporters on topics ranging from the AI investment boom to the Fed's balance sheet and institutional independence.

■ Current Economic and Policy Assessment
- GDP revisions, consumer spending, capital investment, and labor market conditions
- Why the committee held rates and what "information-rich" period lies ahead
■ Monetary Policy Strategy and Framework
- The new approach to achieving the 2% inflation target and the role of inflation expectations
- Upcoming changes to the FOMC meeting schedule, including dedicated strategy sessions
■ Q&A: Key Themes
- Rate hike timing, forward guidance, and mid-term election neutrality
- Interest rate sensitivity of the AI investment boom and aggregate demand
- Oil prices, energy costs, and their link to inflation expectations
- Balance sheet reduction, foreign treasury holders, and task force reports
- Press conference format, committee independence, and institutional questions

経済指標の読み方から金融政策の戦略的検討、記者会見での実際のやり取りまでを一貫して追える内容です。金融市場の動向や政策決定の背景を理解したい方、FOMCの会見を体系的に把握したい方に向いています。会見の進め方や質問への回答の仕方を通じて、政策担当者の思考プロセスを観察する視点が得られます。