标题: 美联储接近推出新一轮刺激措施 [打印本页] 作者: 飞雪寒冰 时间: 2010-10-14 13:17 标题: 美联储接近推出新一轮刺激措施 The likelihood that the US will soon launch a fresh burst of “quantitative easing” has increased, as minutes from the Federal Reserve’s latest meeting revealed that officials were nearing agreement on the need for additional stimulus.
美国将很快推出新一轮“定量宽松”政策的可能性有所加大。美联储(Fed)最新的会议纪要表明，官员们在推出额外刺激措施的必要性上，正接近达成共识。
The official record from the September 21 gathering of the Federal Open Market Committee, which sets interest rates, showed that “many” officials thought a new round of monetary easing might be necessary to breathe life into the sluggish US recovery.
联邦公开市场委员会(Federal Open Market Committee, FOMC) 9月21日会议的官方纪要显示，“许多”官员认为，新一轮货币放松，可能是向美国疲弱的复苏注入活力的必要之举。FOMC负责制定利率。作者: 飞雪寒冰 时间: 2010-10-14 13:18
The notes also revealed that officials thought they may have to act “before long” if economic conditions did not improve – meaning a decision could come as early as the next meeting of the FOMC on November 3.
上述会议纪要还显示，官员们认为，如果经济状况没有好转，他们可能不得不“很快”采取行动。这意味着，他们可能最早会在FOMC 11月3日召开的下次会议上做出决定。
“Many participants noted that if economic growth remained too slow to make satisfactory progress towards reducing the unemployment rate or if inflation continued to come in below levels consistent with the FOMC’s dual mandate, it would be appropriate to provide additional monetary policy accommodation,” according to the minutes, released on Tuesday.
周二发布的会议纪要显示：“许多与会者指出，如果经济增长仍过于缓慢、难以推动失业率出现令人满意的下降，或者，如果通胀率持续低于与FOMC双重使命相符的水平，那么，联储就应进行额外的货币政策调整。”作者: 飞雪寒冰 时间: 2010-10-14 13:18
David Semmens, US economist at Standard Chartered, said the Fed minutes delivered a clear message. “Without a drastic and unforeseen change in the economic outlook the Fed intends to take further action and it will take it soon if necessary,” he said.
渣打银行(Standard Chartered)驻美经济学家大卫•赛蒙斯(David Semmens)表示，美联储会议纪要传递出了一个明确的讯息。“如果经济前景不出现意料之外的急剧变化，美联储将采取进一步的行动，而且必要的话，将很快采取行动，”他表示。
The S&P 500 ended the day slightly higher and the dollar, measured by an index of trading partners’ currencies, fell back by 0.1 per cent. Late in New York, the yield on 10-year Treasury notes was 3 basis points higher at 2.41 per cent.
纪要发布当日，标准普尔500指数(S&P 500)收盘微幅上涨；以贸易伙伴货币衡量的美元指数下跌0.1%。纽约市场尾盘，10年期美国国债收益率上涨3个基点，至2.41%。作者: 飞雪寒冰 时间: 2010-10-14 13:18
In an extensive discussion of strategies to execute the monetary easing, with large-scale purchases of long-term US government bonds as the main option, officials noted that a rise in inflation expectations would help stimulate the economy.
官员们就如何实施货币放松的策略进行了广泛讨论，其中，大举购买美国长期国债被列为主要选择。官员们指出，通胀预期的上升，将有助于刺激经济。
With that in mind, Fed policymakers considered whether the US central bank should adopt more explicit inflation and growth targets better to communicate its policy intentions and drive inflation expectations.
有鉴于此，美联储政策制定者考虑否应采纳更明确的通胀与增长目标，以更好地传递自己的政策意图、推高通胀预期。作者: 飞雪寒冰 时间: 2010-10-14 13:18
“As a general matter, participants felt that any needed policy accommodation would be most effective if enacted within a framework that was clearly communicated to the public,” the minutes said. There was no indication of the size of possible asset purchases by the Fed.
会议纪要表示：“与会者普遍认为，任何所需的政策融通，如果是在已明确于公众沟通的框架内实施，效果将最为显著。”纪要没有提供有关美联储可能的资产购买规模的暗示。
The US central bank’s drive towards asset purchases comes as America’s ultra-loose monetary policy has been criticised by China for encouraging a destabilising flood of money into emerging markets.
美联储提出资产购买计划之际，中国指责美国极度宽松的政策，推动了影响稳定的资金流入新兴市场。作者: 飞雪寒冰 时间: 2010-10-14 13:18
Although Ben Bernanke, Fed chairman, appears to have forged a consensus on the need for more monetary easing, there was still resistance to a possible move beyond the persistent dissent of Thomas Hoenig, president of the Kansas City Fed.
尽管美联储主席本•伯南克(Ben Bernanke)似乎已经让官员们在进一步放松货币政策的必要性问题上达成了共识，但除了一直对此持反对意见的堪萨斯城联邦储备银行(Kansas City Fed)行长托马斯•赫尼希(Thomas Hoenig)以外，仍有一些官员DIZHI可能出台的举措。