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Is the Federal Reserve making a mistake on inflation?
美联储会不会错判通胀前景?


戴维斯:美联储鹰派与鸽派之间的分歧集中在对通胀风险的判断。鹰派担心通胀上升而不愿进一步降息,以鲍威尔为首的鸽派则认识到通缩风险。

There was broad support, or at least acquiescence, on the Federal Open Market Committee for last week’s decision to cut policy rates by 0.25 per cent. Nevertheless, policymakers are clearly divided on the general direction of rates from now on. In his press conference, Jay Powell, Federal Reserve chairman, euphemistically remarked that there were “disparate perspectives” on the committee.

联邦公开市场委员会(FOMC)上周将政策利率下调25个基点的决定,在该委员会内得到了广泛支持,或者至少是默许。然而,政策制定者在今后利率的总体走向方面存在明显分歧。美联储(Fed)主席杰伊•鲍威尔(Jay Powell)在新闻发布会上委婉表示,委员会内部存在“迥异的观点”。

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