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.
在貨幣政策正常化方面,美聯準(Fed)正走在其他重要的西方央行前面。這引發了激烈的爭論。突出的問題在於,美聯準繼續收緊銀根是否明智、以及美聯準是否應改變其通膨目標。第三個正在討論的問題是:美國總統是否應在美聯準主席珍妮特•葉倫(Janet Yellen)明年1月任期屆滿時將其換掉?這三個問題的答案都是否定的。
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