Krugman the Fed rate hike is hurting the U.S. economy 太湖创意职业技术学院

Krugman: Fed rate hike errors are hurting the American economy U.S. stock market center: exclusive national industry sector stocks, premarket after hours, ETF, real-time quotes Sina warrants stocks Beijing time 17 days: the famous American economist Krugman local time on Monday in the "New York Times" blog author, points out that there have been more and more experts believe that the Fed rate hike economy decision is a mistake, a strong dollar is hurting the American economy: now, even the former Goldman partner Davies (Gavyn Davies) also began to worry that the Fed now is in fact refused to accept the reality of the interest rate decision mistakes: "they are still not willing to admit that his December rate hike decision was a mistake, of course, this is human nature." But he adds a deeper reason for the possibility that international considerations are inadequate: "however, I suspect that there are deeper issues. The Federal Open Market Committee may underestimate the impact of the dollar on the economy and underestimate the buffer demand." I have two ideas for that. First of all, what happened at the moment, though not perfectly consistent with what I warned about a year ago, was very close: "so what’s going on here?" The dollar has risen a lot, which means that the market believes that the current relative growth in the U.S. demand is a long-term phenomenon, which means that the growth of demand in the United States will eventually benefit other countries. In other words, a strong dollar could be a major drag on recovery." Krugman believes that the Fed is likely to raise interest rates in December had been aware of his decision was a mistake, but refused to admit it but to close to, perhaps fed governor Brainard (Lael Brainard) last October to talk about the global impact of the words closer: "in the past year, a feedback loop has been in the United States and other policy differences the main trade partners market expectations through the exchange rate and financial market to U.S. financial crunch channels. Thus, some opinions suggest that even a small step towards a clear direction in the future is enough to cause large-scale financial contraction, and its effect is definitely not more than the normal period of repeated interest rates." Sounds really prescient, isn’t it? (Zi Jin) editor in chief: Li Wu SF053

克鲁格曼:联储加息错误正在损害美国经济 美股行情中心:独家提供全美股行业板块、盘前盘后、ETF、权证实时行情   新浪美股北京时间17日讯 美国著名经济学家克鲁格曼当地时间周一在《纽约时报》博客撰文,指出已经有越来越多的经济名家相信联储的加息决定是个错误,强势美元正在损害美国经济:   现在,连前高盛合伙人戴维斯(Gavyn Davies)也开始担心联储现在其实是在拒绝接受加息决定失误的现实了:   “他们依然不愿意承认自己12月加息的决定是个错误,这当然是人类的天性。”   不过,他又补充了一种可能存在的更深层次的原因,即对国际方面的考虑不够充分:   “然而,我却怀疑还有一些更深层次的问题存在。联邦公开市场委员会可能是低估了美元正在对经济造成的冲击,对缓冲需求估计不足。”   对此,我有两点想法。首先,眼下发生的事情和我大约一年前警告的虽然不是完美契合,但也非常接近了:   “因此,现在到底在发生着什么?美元上扬了不少,这意味着市场相信美国需求当前的相对增长是一种长期现象,而这也就意味着美国的需求增长最终将惠及其他国家。换言之,强势美元或许会成为复苏的重大拖累。” 克鲁格曼认为联储很可能已经意识到了自己12月加息的决定是个错误,但不肯承认   不过,要说接近,或许联储理事布雷纳德(Lael Brainard)去年10月谈论全球影响的话更接近:   “过去一年当中,一个反馈环路已经将针对美国与其他主要贸易伙伴间政策差异的市场预期通过汇率和金融市场渠道转化为了美国的金融紧缩。由此,一些意见认为,哪怕是向着未来明确的方向迈出那么一小步,也足以造成大规模的金融紧缩,其效果绝对不下于正常时期的多次加息。”   听起来真的是很有先见之明,不是吗?(子衿) 责任编辑:李兀 SF053相关的主题文章: