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联儲局主席柏南克不加息的賭博將快得到肯定
Federal Reserve Chairman Ben S. Bernanke's gamble that he can suspend interest rate-increases on the chance inflation will recede is showing signs of paying off.
Economic figures are now breaking Bernanke's way for the first time since he took the central bank's helm in February. A measure of wholesale prices unexpectedly fell last month and one gauge of consumer inflation eased, Labor Department numbers in the past two days showed. Reports of slowing sales from Wal-Mart Stores Inc. and Home Depot Inc. provided evidence backing the Fed's forecast of a slowing economic expansion.
The data blunt criticism that Bernanke is softer on inflation than his predecessors, and that he jeopardized the Fed's credibility by refraining from lifting rates last week.
The wisdom of a pause is looking more and more solid, the very recent data are consistent with the idea of the soft landing, slowing growth.
The Fed said on Aug. 11, when keeping its benchmark lending rate at 5.25 percent, that consumer prices will "moderate over time'' because of its 17 prior rate increases, surging energy prices and a cooling housing market.
[ Last edited by BY on 2006-8-17 at 04:34 PM ] |
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