My choice would be to have it explain the case for waiting more forthrightly: “Getting off the zero bound is hard, we want to see inflation over 3% to be absolutely sure, and then we will move with reasonable speed to normalize.” But I also could live with, “We are worried that if we wait too long, we will have to tighten too hard and too fast.”
那么美联储应该怎么办？我的选择是让它更加直言不讳地解释为何要继续等待：“摆脱零利率底限是很难的，我们希望等到通胀率超过3％以最终确认，然后我们会采取合理的行动速度来恢复正常化。”但我同时也可以忍受他们说“我们担心如果我们等待太久，我们将不得不过快过剧烈地收紧（货币政策）。”