The Federal Reserve is ahead of other important western central banks, in normalising monetary policy. This has provoked lively debate. Prominent questions are whether the Fed is wise to proceed with its tightening and whether it should change its inflation target. A third question is also under discussion: should the president replace Janet Yellen as chair when her term expires in January? The answers to all three questions are: no.
在货币政策正常化方面,美联储(Fed)正走在其他重要的西方央行前面。这引发了激烈的争论。突出的问题在于,美联储继续收紧银根是否明智、以及美联储是否应改变其通胀目标。第三个正在讨论的问题是:美国总统是否应在美联储主席珍妮特•耶伦(Janet Yellen)明年1月任期届满时将其换掉?这三个问题的答案都是否定的。
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