I think that the Fed is wrong: the fallout from the current liquidity panic means that a year from now we are likely to wish that the Fed had given a boost to spending this month.
我认为美联储的做法是错误的：当前流动性恐慌所产生的负作用意味着一年以后我们很可能希望当初美联储在这个月可以刺激消费。