有史以来头一回美联储独自拥有发达国家中最高利率( 六 )_来源：人民币交易与研究BiancoResearch

The federal funds rate, the rate we administer, is now the single highest interest rate in the developed world. Market measures, like the yield curve, are saying this is wrong.

我们确定我们的政策是正确的吗？哪一组经济指标表明，这是60年来美国首次单独拥有最高利率?

Are we sure we have the correct policy? What set of economic indicators suggest this is the first time in 60 years that the U.S. should stand alone with the highest rate in the world?

我们已指出，收益率曲线倒挂会损害经济。累积足够的损害，经济就会陷入衰退。因此，这条曲线并不能预测经济衰退，而是导致了衰退。目前尚不清楚美国经济能够承受多大的损害。

We have argued that an inverted curve damages the economy. Accumulate enough damage and the economy sinks into recession. So, the curve does not predict a recession, it causes it. What is not known is how much damage the economy can withstand.