Central banks debate: can ‘high for longer’ substitute for rate rises?
央行辩论：“长期高位”能否取代加息？

A smoother rate path is preferable to a sharp up and down, allowing more time to assess data
古哈：平滑的利率路径比急剧的上升和下降更可取，这样可以有更多的时间来评估数据。

更新于2023年9月13日 15:17 克里什纳•古哈为英国《金融时报》撰稿

The writer is vice-chair of Evercore ISI and a former member of the management committee of the New York Fed