Indeed, from the Bank of Japan’s dramatic policy U-turn to the Bank of Mexico’s surprise interest-rate cuts, the Fed’s approach is affecting central banks in a growing number of countries. Pushed further away from best-case scenarios, they are unable to ignore the global liquidity impact of the Fed’s policies, yet they lack the right policy tools to address it.
事实上，从日本银行的一百八十度政策大转弯到墨西哥银行出人意料的降息，美联储的方法正在影响越来越多的央行。它们被美联储的政策推理了最佳情形，无法忽视后者的全球流动性影响，但却没有合适的政策工具来纠正。