John Williams (Fed Bank of New York President)
约翰·威廉姆斯 (纽约联储银行行长)

I don’t think we’re going to do our policy adjustment
我认为我们不会进行政策调整

and measured slow pace for sure
并且肯定会衡量缓慢的步伐

I do think we need with high very high inflation
我确实认为我们正在经历高通胀

we need to really focus on bringing inflation down to our 2% longer run goal
我们需要真正专注于将通胀率降至 2% 的长期目标

and to do that over the next few years
并在接下来的几年里做到这一点

that is the number one focus in a week
这是一周内的第一重点

I say that because the economy is strong
我这么说是因为经济是强劲的

The labor market is basically back to a close to where it was before the pan-demic
劳动力市场基本回到了大流行前的水平

with the unemployment rate around three and a half percent
失业率大约在3.5%的左右

and other other indicators showing
并且其它指标显示

that we have very strong demand for for labor
我们对劳动力的需求非常强烈

So I do think from a monetary policy point of view
所以我确实认为从货币政策的角度来看

it does make sense for us to move expeditiously
快速行动对我们来说是有意义的

towards more normal levels of the federal funds rate
朝着更正常的联邦基金利率水平

and also move forward on our balance sheet reduction plans
并推进我们的资产负债表缩减计划

Michael McKee (Bloomberg News)
迈克尔·麦基(彭博新闻)

If there was one phrase it’s sort of thumbs up where your colleagues are
如果有一句话让你的同事竖起大拇指

It’s get to neutral by the end of the year
到年底将达到中性

Would you be on board with that?
你会同意吗?

John Williams
约翰·威廉姆斯

I do think we need to get back to a more neutral a normal level of the federal funds rate
我确实认为我们需要将联邦基金利率恢复到更中性的正常水平

whether it’s at the end of the year or exactly when that happens will depend on the data
无论是在年底还是确切发生的时间将取决于数据

We will continue to be data dependent
我们将继续依赖数据

but given where the economy is, and especially given where inflation is
但考虑到经济的情况,尤其是考虑到通货膨胀处的情况

we really do need to reverse the policy actions
我们确实需要作出行动,扭转政策

that we’re putting into place back in March of 2020 move that forward
我们将将继续实施在 2020 年 3 月的计划

and move the federal funds target to neutral
并将联邦基金目标调至中性

And again, whether it’s by the end of the year or exactly when it happens
再说一次,无论是到年底还是确切的什么时间发生

I think that that will depend on the path of the economy
我认为这将取决于经济的路径

but yes, I agree with that
但是,是的,我同意

Michael McKee
迈克尔·麦基

So 50 basis points on May 4
所以在5月4日,50个基点

John Williams
约翰·威廉姆斯

Well, that’s not a decision we made yet
好吧,这还不是我们做出的决定

but I do think that…
但我确实认为…

Michael McKee
迈克尔·麦基

Oh, you could make it right now
但我确实认为你现在可以做到

John Williams
约翰·威廉姆斯

that’s not a decision we made yet
这还不是我们做出的决定

But I think that’s a you know, a reasonable option
但我认为这是一个你知道的,一个合理的选择

I think that for us because the federal funds rate is very low
我认为这对我们来说是因为联邦基金利率非常低

We do need to move policy back to more neutral levels later through this year
我们确实需要通过今年将政策恢复到更中性的水平

And I think that’s a very reasonable option
我认为这是一个非常合理的选择

原视频链接:https://twitter.com/bloombergtv/status/1514612928724430855?s=24

Date:04/14/2022
原视频标题: Fed Bank of New York President John Williams discusses tactics to help decrease U.S. inflation
纽约联储行长约翰·威廉姆斯讨论有助于降低美国通胀的策略
原视频日期:2022/04/14
原视频链接https://twitter.com/bloombergtv/status/1514612928724430855?s=24
任务编号:KE480(4254)
视频时间段 : 0:00-1:54

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