It has become commonplace in monetary policy discussions to say that the US Federal Reserve is “missing on both sides of its dual mandate”. This is often taken to imply that Fed policy is far from ideal. Such an inference does not necessarily follow; using levels of inflation and unemployment to assess current policy is imprecise.
有關美聯儲(US Federal Reserve)“兩大政策目標無一實現”的說法已經成為了貨幣政策討論中的老生常談。這句話的意思往往是暗指美聯儲的政策措施很不理想。然而這種觀點并不一定符合邏輯；使用通脹水平和失業率來評價當前的貨幣政策是不準確的。
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