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.
有关美联储(US Federal Reserve)“两大政策目标无一实现”的说法已经成为了货币政策讨论中的老生常谈。这句话的意思往往是暗指美联储的政策措施很不理想。然而这种观点并不一定符合逻辑；使用通胀水平和失业率来评价当前的货币政策是不准确的。
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