Across the Atlantic, the Fed is set to complete its exit from quantitative easing (QE) – its policy of large-scale asset purchases – in the next few weeks, leaving it completely dependent on interest rates and forward policy guidance to boost the economy. The withdrawal of QE, beyond being unpopular among some policymakers and politicians, has highlighted concerns about the risk of increased financial instability and rising inequality – both of which could undermine America’s already weak economic recovery.
在大洋彼岸，美联储正致力于在为来几周内完成退出量化宽松——其大规模资产购买政策，因此也只能完全依靠利率和预先政策导向来刺激经济。退出量化宽松，除了不受某些政策制定者和政客欢迎的原因之外，也体现出了对金融不稳及不平等状况加剧风险的担心——这两者都将削弱美国本已疲软的经济复苏。