CAMBRIDGE – In its September policy statement, the US Federal Reserve took into consideration – in a major way – the impact of global economic developments on the United States, and thus on US monetary policy. Indeed, the Fed decided to delay raising interest rates partly because US policymakers expect dollar appreciation, by lowering import prices, to undermine their ability to meet their 2% inflation target.
坎布里奇—在9月的政策陈述中，美联储考虑了——以非常重点的方式——全球经济发展对美国、进而对美国货币政策的影响。事实上，美联储决定推迟升息的部分原因正是美国决策者预期美元升值将拉低进口品价格，从而妨碍其实现2%通胀目标的能力。