Janet Yellen, the Fed chair, has repeatedly said that the impending sequence of rate hikes will be much slower than previous monetary cycles, and predicts that it will end at a lower peak level. While central bankers cannot always be trusted when they make such promises, since their jobs often require them deliberately to mislead investors, there are good reasons to believe that the Fed’s commitment to “lower for longer” interest rates is sincere.
美联储主席珍妮特·耶伦反复说，即将到来的一连串升息将比此前的货币周期缓慢得多，并预测利率的峰值也要更低。央行官员的这种承诺永远不能太当回事，因为他们的职责决定了他们常常要故意误导投资者，但有很好的理由相信美联储“更长时间更低利率”的承诺是真诚的。