Federal Reserve Research: Reshaping the Logic of Monetary Policy, Weakening the Dilemma Under Oil Price Shockdowns, Prioritizing Inflation Control Odaily Planet Daily News: The Boston Federal Reserve released its latest research on Thursday, stating that there has been a fundamental change in the energy structure of the United States, completely altering the transmission path of oil price shocks to the domestic economy and reshaping the logic of the Federal Reserve's monetary policy. At present, the mainstream trend of the Federal Reserve is to remain inactive in the short term and observe the subsequent impact of the conflict. But officials are generally concerned that the ongoing war may solidify high inflation, and there have been voices suggesting the possibility of interest rate hikes within the year. The research of the Boston Fed provides support for this, and even if this round of interest rate hikes relies on economic structural optimization, it will not cause severe downward pressure on employment in the past. However, Morgan Stanley holds a completely different view, believing that the current rise in oil prices is a short-term supply disturbance and will not become the core driving force for the Federal Reserve's interest rate hike. Da Mo predicts that inflation will gradually recover in the second half of the year, the job market will fluctuate, and the Federal Reserve is likely to maintain interest rates unchanged throughout the year. It is expected to start cutting interest rates in 2027. (Golden Ten)