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.
费城联储主席帕特里克·哈克在周五的讲话中表示，他认为央行可以停止加息。
"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."
哈克说：“我在数据中看到的情况和联系人的来信都没有明显的转变。”“我相信我们已经到了可以保持利率不变的地步。”
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.
作为今年制定利率的联邦公开市场委员会的有投票权的成员，在决策者考虑向前迈出的下一步之际，哈克的话更具分量。
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月以来，美联储已11次上调基准借款利率，总计5.25个百分点。9月，联邦公开市场委员会选择维持利率稳定，因为成员们对通货膨胀的发展方向存在分歧。
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，多位美联储官员指出，美国国债收益率飙升带来的金融状况紧缩有助于央行寻求减缓经济和降低通货膨胀。
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.
哈克说，美联储在降低物价方面取得了实质性进展，而没有导致失业率激增或以其他方式使经济陷入困境。他说，它现在可以观察加息所产生的影响，并使用传入的数据作为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."
“保持利率稳定将使货币政策发挥作用。我确信政策利率是限制性的，只要政策利率保持不变，我们将稳步压低通货膨胀，使市场处于更好的平衡，” 他说。“通过什么都不做，我们仍然在做点什么。而且我们做了很多事情。”