What really shocked the markets was not the Fed’s decision to maintain zero interest rates for a few more months, but the statement that accompanied it. The Fed revealed that it was entirely unconcerned about the risks of higher inflation and was eager to push unemployment below what most economists regard as its “natural” rate of around 5%.
真正震惊市场的并不是美联储决定维持零利率数月，而是伴随这个决定的声明。美联储透露这一决策完全没有考虑高通胀的风险，并急于将失业率推低至大多数经济学家认为的“自然”失业率（约5%）以下。