U.S federal reserve is ready to hike 美国联邦储蓄银行
interest rates and keep them there in 将进一步加息
order to lower inflation, says Jerome 这是为了降低美国的通货膨胀水平
Powell the Fed chair made the remarks at 美联储主席罗杰姆·鲍威尔在今年的
the annual Jackson Hole economic 杰克逊霍尔全球央行年会上发表公开演讲称
Symposium in Wyoming. That's where the 此次年会在怀俄明州举行
world's top economists meet and global 世界顶尖的经济学家和
investors look for clues on the broader 投资者们齐聚一堂
economic outlook. While Powell's speech last 捕捉今年经济发展的新动向
year which was under 10 minutes was 去年鲍威尔在年会上的讲话不到十分钟
enough to send financial markets reeling 却足以影响整个金融市场
Well here to walk us through what we 今天我们请到
what we've got on the table as it were 本台金融板块主编
is CNN business editor at large and the 同时也是CNN“商业大搜查”节目主持人
host of Quest Means Business. Good 来为我们分析当下的形势
mate of mine Richard Quest. It's 有请我的好同事 理查德·奎斯特
fascinating I can't remember how many 我都记不清楚这些年
Jackson Hole uh speeches you and I have 咱俩已经一起听过多少场央行年会的讲话了
uh or certainly I've listened to over 或者说我自己听了多少场了
the years uh what did you make of what 你怎么看待今年鲍威尔的讲话
he said, what was new and different 他有传达什么新的信息吗?
in this do you think? The underlying 我觉得他想传达的
message the underlying message remains 最根本的信息
the same this is the rock with which he 还是和以前一样
is anchoring himself to that will be 实际上这也是他一贯的做法
very difficult to move away from. You're 很难会改变
going to hear him said I'll just say it 就像我之前跟你说的那样，他会说
to you before: the fed's job to bring 美联储的工作就是
down inflation to our two percent goal 尽可能把通胀率控制在2%以内
and we will do so. So he's not giving any 所以这也是我们即将要做的事情。
quarter on that which then begs the 他在这一问题上的立场很坚定
question does the medicine that the 但问题就是美联储现在给美国经济开出的“药方”
patient has received so far 究竟有没有起作用
do that? Or like a you know it's like 或者说
have a listen to Powell and I'll give you 还是让我们先听一段鲍威尔的讲话
another analogy that might sort of 然后我再告诉你
clarify where I think he's going next 我对于鲍威尔下一步打算的看法
Although inflation has moved down from 虽然现在通胀水平已经在下降
its peak a welcome development, it 虽然这是个好兆头
remains too high 但我们的通胀水平仍然较高
we are prepared to raise rates further 所以我们未来还将在合理范围内
if appropriate and intend to hold policy 继续加息
at a restrictive level until we are 直到我们能确定
confident that inflation is moving 通胀水平在稳定下降
sustainably down toward our objective 并最终降至我们的目标之下
so you've got the patient who's say 所以美国经济就好比是
suffering from cancer and you've got Dr 患了癌症的病人
Powell and his team administering the 而鲍威尔“医生”和他的团队
chemotherapy to get rid of the cancers 正在对其进行化疗
but at some point they say well hang on 但突然他们说，等等
we've given a lot of chemo and the 我们已经对病人进行过多轮放射治疗了
tumors and the cancers are reacting do 而肿瘤和癌症也正在对治疗做出反应
we need to give one more or two more 那还有没有必要再来两针
doses or will that be too much and I'm 这样会不会有点超过了
guessing from what he said the way he 而从他讲话的内容，语气来看，我觉得
said it there's probably one more to 他很可能至少要给美国经济
come at least 再来一针
yeah I feel the same way just very 是的，我也这么觉得
briefly look I mean the guys you know 我的意思是本来就是这些人
he's in charge of monetary policy right 在负责制定货币政策的
so you would expect him to be fully 所以我们自然希望
focused on inflation I just wonder 他能时刻关注通胀
whether this you know absolute intention 但我只是想问问
to stick to this two percent is really 一定要死死抓着2%的通胀率不放吗
what the US and global economy really 这真的是美国经济
needs 世界经济此时所需要的吗
at this point. I mean I I'm just chucking 当然我也就是随口一问
it out there
do we always right I mean 就非得这么来吗？
a whole host of economists are now 现在很多经济学家也说
saying stop tying yourself to this 别死咬着一个数字不放了
mythical number of two percent yeah
during Reagan's time it was four percent 里根时代通胀率甚至达到了4%
um but they do have to because it's now 但我认为美联储确实有必要这么做
a credibility issue and if they've 因为这有关其公信力
they've tied themselves to two and if 他们设定了2%的通胀目标
they move too far from two their 而如果他们没能完成这个目标
credibility goes out the window 他们的公信力就会大大下降
yeah it's fascinating isn't it well 真有意思，不是吗
we'll keep an eye on it thank you sir 我们仍将关注后续发展，谢谢您的分析
good to have you as ever 一如既往，很高兴请到您