Cutting interest rates and yet inadvertently tightening monetary policy is a trick few central bankers would be proud of pulling off. This week, the US Federal Reserve managed it. The Federal Open Market Committee delivered a quarter-point cut in rates, its first reduction since 2008. But the remarks from Jay Powell, the Fed chair, in the subsequent press conference seemed to convince investors that the cut was an anomaly.
降了息、卻在不經意間收緊了貨幣政策——沒幾個央行行長會對這種“本事”感到驕傲。但美聯儲(Federal Reserve)在本周就這么做了。聯邦公開市場委員會(FOMC)宣布降息25個基點，這是自2008年以來的首次。但美聯儲主席杰伊?鮑威爾(Jay Powell)在隨后的記者會上的言論，似乎讓投資者相信，此次降息是一種反?，F象。
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