So, unless there are surprising changes in the US economy, we can expect the Fed to start raising interest rates later this year, as Janet Yellen has proposed, and to continue raising them in 2016 and beyond. I only hope that it raises them enough over the next 18 months to avoid the financial instability and longer-term inflation that could result from the long era of excessively easy monetary policy.
因此，除非美国经济发生出人意料的变化，我们可以预期美联储将如耶伦所提出的那样在今年晚些时候开始升息，并在2016年及以后持续升息。我只希望美联储在未来18个月中将利息升高足够多，以避免长时间过度宽松货币政策可能导致的金融不稳定和长期通胀。