No More Interest Rate Raises: Fed's Harker
No More Interest Rate Raises: Fed's Harker
During a Friday speech, Philadelphia Federal Reserve President Patrick Harker said he thinks the central bank can stop raising interest rates.
費城聯儲主席帕特里克·哈克在週五的講話中表示，他認爲央行可以停止加息。
"Absent a stark turn in what I see in the data and hear from contacts," Harker said. "I believe that we are at the point where we can hold rates where they are."
哈克說：“我在數據中看到的情況和聯繫人的來信都沒有明顯的轉變。”“我相信我們已經到了可以保持利率不變的地步。”
As a voting member on the rate-setting Federal Open Market Committee this year, Harker's words carry extra weight as policymakers contemplate their next step forward.
作爲今年制定利率的聯邦公開市場委員會的有投票權的成員，在決策者考慮向前邁出的下一步之際，哈克的話更具分量。
The Fed has raised its benchmark borrowing rate 11 times since March 2022, totaling 5.25 percentage points. In September, the FOMC chose to hold rates steady as members differed over where inflation is headed.
自2022年3月以來，美聯儲已11次上調基準借款利率，總計5.25個百分點。9月，聯邦公開市場委員會選擇維持利率穩定，因爲成員們對通貨膨脹的發展方向存在分歧。
Recently, multiple Fed officials have cited the tightened financial conditions brought on by a surge in Treasury yields as helping the central bank in its quest to slow the economy and bring down inflation.
最近，多位美聯儲官員指出，美國國債收益率飆升帶來的金融狀況緊縮有助於央行尋求減緩經濟和降低通貨膨脹。
Harker said the Fed has made substantial progress in bringing down prices without causing a surge in unemployment or otherwise tanking the economy. He said it can now watch the impact that its rate hikes are having and use incoming data as its guide to where policy needs to go.
哈克說，美聯儲在降低物價方面取得了實質性進展，而沒有導致失業率激增或以其他方式使經濟陷入困境。他說，它現在可以觀察加息所產生的影響，並使用傳入的數據作爲政策走向何方的指南。
"Holding rates steady will let monetary policy do its work. I am sure policy rates are restrictive, and as long they remain, we will steadily press down on inflation and bring markets into a better balance," he said. "By doing nothing, we are still doing something. And we are doing quite a lot."
“保持利率穩定將使貨幣政策發揮作用。我確信政策利率是限制性的，只要政策利率保持不變，我們將穩步壓低通貨膨脹，使市場處於更好的平衡，” 他說。“通過什麼都不做，我們仍然在做點什麼。而且我們做了很多事情。”