In the US, this has complicated the Federal Reserve’s task. The Fed has been trying to slow demand growth and cool the housing price bubble to avoid inflation, but carry trade speculators have been easing credit.
流出日本的资金被转移到了其他金融市场，而对于获利的追逐推高了资产的价格，同时也降低了汇率。在美国，这使得联邦储备委员会的工作变得异常复杂。美联储一直试图降低需求的增长，并且给持续上涨的房地产市场降温以避免通货膨胀，但是套利交易投机商却放宽了信贷条件。