Fed Chair Janet Yellen insists that years of near-zero interest rates and quantitative easing were not intended to make it easier for the US government to fund its deficit. She argues that focusing on asset prices ignores the role – helpful for all income groups – of the Fed’s monetary policy in maintaining growth and thus warding off the threat of a wholesale depression.
毫不奇怪，央行不喜欢这一观点。美联储主席耶伦强调，多年来的近零利率和量化宽松不是为了让美国政府更便利地为其赤字融资。她指出，聚焦于资产价格忽略了美联储货币政策在维持增长、从而遏制全面萧条风险方面的作用，而这有助于所有收入阶层。