Federal Reserve's Loretta Mester Expects Likelihood Of More Rate Hikes — Here's Why
Federal Reserve's Loretta Mester Expects Likelihood Of More Rate Hikes — Here's Why
Federal Reserve Bank of Cleveland President Loretta Mester sees possibility of more interest rate hikes in the wake of signs indicating the recent banking crisis have abated.
克利夫兰联邦储备银行行长洛雷塔·梅斯特认为，在表明银行业危机已经消退的迹象出现后，可能会出现更多的加息。
What Happened: Mester said she expects monetary policy moving "somewhat further into restrictive territory this year, with the fed funds rate moving above 5% and the real fed funds rate staying in positive territory for some time," according to a Reuters report.
发生了什么：根据路透社的报道，梅斯特表示，她预计货币政策在今年将“进一步进入限制性领域，联邦基金利率将升至5%以上，而实际联邦基金利率将在一段时间内保持在正值。”
U.S. markets closed in the red on Monday after job openings in February declined to the lowest level in about two years while factory orders dropped for a second straight month, showing signs the economy might be weakening.
美国市场周一收盘时收于红色，因为二月份的就业机会减少至近两年来的最低水平，同时工厂订单连续第二个月下降，显示经济可能正在减弱。
"Precisely how much higher the federal funds rate will need to go from here and for how long policy will need to remain restrictive will depend on how much inflation and inflation expectations are moving down, and that will depend on how much demand is slowing, supply challenges are being resolved, and price pressures are easing," Mester said in a speech before a group of economists in New York.
“联邦基金利率需要从目前的水平提高多少，以及政策需要继续保持限制性多久将取决于通胀和通胀预期的下降程度，而这取决于需求有多少减缓，供应挑战正在如何解决和价格压力正在缓解的程度，”梅斯特在纽约向一群经济学家发表讲话时说。
The Cleveland Fed President said she sees somewhat more persistent inflation pressures than the median forecast among FOMC participants and pushed back on market views that the Fed will need to reduce rates much sooner than central bankers currently expect.
克利夫兰联邦储备银行行长表示，她看到的通胀压力比FOMC参与者中值预测更持久，并反对市场观点认为联邦储备银行家当前预计的降息幅度将比中央银行家更为严重。
"Can I come up with scenarios that would have the Fed cutting rates? Yes. Is it my modal forecast? No," she said.
她说：“我能否想出一些情景，这些情景将导致联邦储备银行降息？是的。但这是我的模态预测吗？不是。”
Banking Crisis: Mester also expressed confidence on the banking sector saying the stresses have eased and added that the central bank is monitoring the conditions carefully.
银行业危机：梅斯特还对银行业表示信心，表示压力已经减轻，并补充说央行正在仔细监控情况。
"The U.S. banking system is sound and resilient," she said. "The stresses experienced in the banking system in March have eased, but the Fed continues to carefully monitor conditions and is prepared to take further steps as necessary to ensure financial stability," she added.
她说：“美国银行系统是稳健和弹性的。”她补充说：“银行系统在三月份遭受的压力已经减轻，但联邦储备银行继续仔细监控情况，并准备在必要时采取进一步措施，以确保金融稳定。”
It is noteworthy that JP Morgan CEO Jamie Dimon cautioned shareholders in a letter that the U.S. banking crisis is ongoing and that its impact will be felt for years.
值得注意的是，摩根大通首席执行官杰米·戴蒙在一封信中告诫股东，美国银行业危机仍在持续，其影响将持续数年。