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Reuters ·  05/03 19:45

- The U.S. Federal Reserve Should Beef up Its Quarterly "Dot Plot" of Policymakers' Interest-Rate-Path Views by Including the Individual Economic Expectations That Inform Each One, Austan Goolsbee, President of the Chicago Fed, Said on Friday.

加利福尼亚州帕洛阿尔托5月3日电(路透社)——芝加哥联储主席奥斯坦·古尔斯比周五表示,美国联邦储备委员会应通过纳入为决策者提供利率路径观点的季度 “点状图” 来加强其决策者利率路径观点的季度 “点状图”。

The Dot Plot, Published Every Three Months Since 2012, Is a Graph Depicting Where Each of the 19 U.S. Central Bankers Expect the Fed's Policy Rate to Be at the End of Each of the Next Few Years.

自2012年以来,每三个月发布一次的点状图描绘了19位美国央行行长对美联储未来几年年末政策利率的预期。

The Latest One, Published in March, Shows the Median Fed Policymaker Expected to Need to Cut Short-Term Borrowing Costs Three Times by the End of This Year, Though Nearly Half Saw Fewer Rate Cuts, and Several Saw Just One Rate Cut or None.

但是,3月份发布的最新报告显示,预计美联储决策者需要在今年年底之前三次削减短期借贷成本 将近一半的降息次数减少了,还有一些人只降息一次或根本没有降息。

But in Its Current Form, Goolsbee Said in Remarks Prepared for Delivery to a Conference on Monetary Policy at Stanford University's Hoover Institution, "the Dot Plot Is Just a Collection of Opinions Without Economic Content."

但是,古尔斯比在准备向斯坦福大学胡佛研究所货币政策会议发表的讲话中说:“点阵图只是一组没有经济内容的观点集。”

It's Impossible to Know, for Instance, IF a Policymaker Who Writes Down Fewer Rate Cuts This Year Fears the Economy Is Overheating, or Simply Believes the Economy Has the Capacity to Grow Faster and Therefore Can Tolerate Higher Rates.

例如,不可能知道今年减少降息的决策者是担心经济过热,还是仅仅相信经济有能力更快地增长,因此可以容忍更高的利率。

The Goal of Fed Communications, Goolsbee Said, Should Be to Lay Out the Rationale for Policy Decisions, and the Dot Plot Falls Short.

古尔斯比说,美联储通讯的目标应该是阐明政策决策的理由,但点阵图不足。

"Because It Can’t Be Connected to the Economic Conditions the Participant Thinks Will Justify That Interest Rate, There Is Nothing to Tell US Why They Think This a Reasonable Choice," He Said. "a Matrix That Anonymously Matches the Economic Forecasts to the Rate Path for Each Participant Would Answer Some Important Questions."

他说:“由于这与参与者认为可以证明利率合理的经济状况无关,因此没有什么可以告诉我们他们为什么认为这是一个合理的选择。”“匿名将经济预测与每个参与者的利率路径进行匹配的矩阵将回答一些重要问题。”

His Remarks Come After European Central Bank Board Member Isabel Schnabel Floated the Idea of Publishing an ECB "Dot Plot," and as the Fed Itself Prepares for a Review of Its Own Policy Framework, Expected to Begin Later This Year.

他的讲话是在欧洲央行董事会成员伊莎贝尔·施纳贝尔之后发表的 提出了发布欧洲央行 “点阵图” 的想法, 同时,美联储本身也在为审查自己的政策框架做准备,该审查预计将于今年晚些时候开始。

Goolsbee Did Not Offer His Own Rate-Path View, or Explain the Economic Assumptions That Underlie It.

古尔斯比没有提供自己的利率路径观点,也没有解释其基础的经济假设。

Earlier in the Day Goolsbee Said That Recent Cooling in the U.S. Labor Market Gave Him Added Confidence the Economy Is Not Overheating.

当天早些时候,古尔斯比表示,最近美国劳动力市场的降温使他补充说 信心 经济没有过热。


(Reporting by Ann Saphir; Editing by Leslie Adler)

(安·萨菲尔报道;莱斯利·阿德勒编辑)

((Ann.saphir@Thomsonreuters.com; 312-593-8342; Www.twitter.com/Annsaphir; Reuters Messaging: Ann.saphir.thomsonreuters.com@Reuters.net))

((Ann.saphir@Thomsonreuters.com;312-593-8342;www.twitter.com/annsaphir;路透社消息: Ann.saphir.thomsonreuters.com@Reuters.net))

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