Federal Reserve Chair Kevin Warsh did not directly answer questions about inflation, artificial intelligence, and contact with President Trump at a Senate hearing on Wednesday.
聯準會主席凱文·沃什週三在參議院聽證會上,沒有直接回答關於通膨、人工智慧及與總統川普接觸的問題。
In his seven weeks in office, he has said he will give less guidance on interest rate direction.
他上任七週以來,已表明會減少對利率走向的指引。
But he did not explain in detail how the central bank will respond to economic changes. This frustrated observers.
但他沒有詳細說明央行如何應對經濟變化,這讓觀察家感到沮喪。
Walsh believes that large-scale AI infrastructure investment may raise prices, but it is not necessarily inflation.
沃什認為,大規模AI基礎設施投資可能推高價格,但不一定是通膨。
This is because the supply side will respond.
這是因為供應面會有所反應。
High-tech companies have raised prices on products like laptops. This is due to higher costs for data centers and equipment.
高科技公司因數據中心和設備成本上升,已調漲筆記型電腦等產品價格。
The Fed's June meeting minutes show that many officials believe AI demand will keep pushing up prices. This applies to tech products and electricity.
聯準會6月會議紀錄顯示,許多官員認為AI需求會持續推升科技產品與電力價格。
But there is disagreement inside the Fed about whether to raise interest rates this year.
但內部對今年是否升息意見分歧。
Warsh downplayed the recent positive inflation data, saying it is only an imperfect measure of underlying inflation.
沃什淡化近期正面的通膨數據,稱這些只是衡量潛在通膨的不完美指標。
He will consult a working group he set up to study the Fed's data sources.
他會參考自己成立的工作小組,研究聯準會數據來源。
He will also consider issues like the inflation framework, AI's impact, and government bond holdings.
他也會考慮通膨框架、AI影響及政府公債持有等議題。
He stressed that to judge lasting inflation, we must see prices affect the overall price level.
他強調,判斷通膨是否持續,需看價格是否影響整體物價水平。
Wash was asked how to tell temporary from permanent inflation. He only replied, "I will use five working groups to handle it."
當被問到如何區分暫時與永久通膨時,沃什只回應「用五個工作小組處理」。
He repeated that he would act independently and resist political pressure from Trump.
他重申會獨立行事,抵制川普的政治壓力。
But he did not answer whether he had communicated with Trump after taking office.
但他沒有回答上任後是否與川普通訊。
Trump has attacked former Chair Powell many times, which has raised concerns about the Fed's independence.
川普曾多次攻擊前任主席鮑威爾,這引發外界對聯準會獨立性的擔憂。