President Donald Trump spent twenty months repeatedly asserting that the United States stood on the precipice of economic prosperity.
總統唐納德·川普耗費了二十個月的光陰,反覆宣稱美國正處於經濟繁榮的邊緣。
Yet, the unexpectedly robust employment report on Friday ultimately ignited an irrepressible fury within Trump.
然而,週五那份出乎意料強勁的就業報告,最終卻點燃了川普心中難以遏止的怒火。
After months of persistently lackluster hiring activity, with the specter of inflation looming ominously over Trump and his party, and with merely two months remaining until Election Day, the August employment figures ought to have served as a soothing balm of relief.
在歷經數月招聘活動持續萎靡不振,且通膨陰霾如烏雲壓頂般籠罩著川普及其所屬政黨,距大選投票日僅餘兩月之際,八月出爐的就業統計數據本應成為一帖令人寬慰的紓解劑。
Yet, as Trump addressed the nation from the Oval Office, he trained his ire squarely on inflation and interest rates, unleashing a torrent of pent-up grievances.
然而,當川普於橢圓形辦公室發表談話時,他卻將矛頭指向通膨與利率,滿腹怨懟傾瀉而出。
His indignation was directed not only at the financial markets and the Federal Reserve, but also extended to a host of America's trading partners.
其憤懣之情不僅針對金融市場與聯邦準備理事會,更波及美國的諸多貿易夥伴。
He scoffed at the prevailing consensus among economists—namely, that the unexpectedly robust addition of 162,000 jobs in August would likely exacerbate the already searing inflationary pressures.
他對經濟學界普遍認同的觀點嗤之以鼻——即八月意外新增的十六萬兩千個就業機會,恐將進一步加劇已然熾烈的通膨壓力。
"Inflation is by no means born of prosperity, but rather springs from sheer ignorance."
「通膨絕非肇因於繁榮昌盛,而係源於愚昧無知。」
Trump thundered from the Oval Office, asserting that the stock market's precipitous Friday plunge, precipitated by inflationary anxieties, was nothing short of "utterly preposterous."
川普於橢圓形辦公室內厲聲斥責,並斷言股市因通膨疑慮於週五重挫之舉,實屬「荒謬至極」。
The dual constraints of decelerating hiring momentum and persistently escalating prices during his second term have perpetually haunted Trump's policy agenda, standing in stark juxtaposition to his grandiose pledges of immediately delivering historic growth figures.
第二任期內招聘動能趨緩與物價持續攀升的雙重桎梏,始終縈繞於川普的施政議程,並與其旋即兌現歷史性增長幅度的豪言形成尖銳對照。
Addressing a rally in North Carolina in August 2024, Trump proclaimed: "The moment I secure victory in the election, we shall forthwith inaugurate an unprecedented era of Trump economic prosperity."
川普於2024年8月在北卡羅來納州的群眾大會上宣稱:「一旦我贏得選舉,我們將即刻開啟一場嶄新的川普經濟盛世。」
Yet to date, the annual economic growth rate has languished at approximately 2%, falling considerably short of the expansionary trajectory achieved during the Biden administration's tenure.
然而迄今為止,經濟的年增長率僅徘徊於約2%的水準,遠遜於拜登政府任內所締造的擴張幅度。
Trump attributed the failure to achieve more robust economic growth to the escalation of interest rates on U.S. government debt, and proclaimed on social media that the United States could retaliate by severing trade relations with foreign nations.
川普將未能實現更強勁的經濟增長,歸咎於美國政府債務利率的攀升,並於社交媒體上宣稱,美國可透過中止與外國的貿易往來進行報復。
Owing to the persistent high inflation precipitated by Trump's tariff policies and the oil shortages engendered by the Iranian conflict, interest rates have been inexorably climbing.
由於川普的關稅政策及伊朗戰爭所引發的石油短缺,導致持續性的高通膨,利率因而不斷上揚。
At present, the aggregate national debt has surged past the formidable threshold of $40 trillion, with the yield on ten-year U.S. Treasury bonds ascending to 4.79% on Friday.
目前,國債總額已突破令人望而生畏的40兆美元關卡,十年期美國國債殖利率於週五攀升至4.79%。
As the promised growth has yet to materialize, the president's credibility in the public eye regarding his capacity to steer the world's largest economy has markedly waned.
由於承諾的增長迄今未見兌現,總統在公眾心目中引領全球最大經濟體之能力所獲得的信賴已告式微。
To a certain extent, his own policies have, in fact, exacerbated the very inflationary pressures and elevated interest rates that he seeks to attribute to external scapegoats.
其自身政策在某種程度上,實則助長了他意欲歸咎於他人的通膨與高利率困境。
Joe Brusuelas, chief economist at RSM US, observes: "The government's credibility regarding economic growth, inflation, interest rates, debt, and deficit dynamics has been eroded, owing to the pronounced divergence between its overly inflated projections and the actual economic realities."
RSM US的首席經濟學家喬·布魯蘇拉斯指出:「政府在經濟增長、通貨膨脹、利率、債務及赤字動態等層面的公信力已遭受侵蝕,原因在於其過度膨脹的預測與實際經濟情勢嚴重脫節。」
Should the Federal Reserve capitulate to Trump's demands and lower the benchmark interest rate, thereby channeling a greater influx of capital into the U.S. economic system, such a prospective deluge of liquidity would likely exacerbate inflationary pressures, ultimately serving only to compound its political and economic tribulations.
倘若聯準會屈從於川普之要求而調降基準利率,藉此促使更多資金湧入美國經濟體系,此等潛在之現金洪流恐將加劇通膨壓力,最終不過是徒增其政治與經濟層面之困擾。
The president took exception to this fundamental tenet of monetary policy.
總統對貨幣政策此一根本原則提出異議。
On Friday, he intimated that should interest rates be reduced further, the gross domestic product would expand at a pace of "12%, 13%, 14%, 15%," his remarks betraying a conspicuous nonchalance toward the latent perils of inflation.
他於週五表示,若利率進一步調降,國內生產毛額將以「12%、13%、14%、15%」之速率增長,言談間對通貨膨脹之潛在風險似顯得不以為然。
According to a midterm election poll conducted jointly by journalists and the NORC Center for Public Affairs Research, the president's approval rating for his economic stewardship stands at a mere 32% at the height of summer.
根據記者與NORC公共事務研究中心合作進行的期中選舉民調顯示,總統在盛夏時節的經濟施政滿意度僅有32%。
Looking back to the last occasion when the Republican Party faced the electorate in the 2018 midterm elections, Trump's economic approval rating was as high as 50%.
回溯至共和黨上一次於2018年期中選舉面對選民之際,川普的經濟支持率則高達50%。
Trump's threat to sever foreign trade ties portends a perilous erosion of economic momentum, thereby further undermining the bedrock of his popular support.
川普揚言切斷對外貿易聯繫,此舉恐將危及經濟增長動能,進而進一步侵蝕其民意支持基礎。
His recent imposition of tariffs on Canada has already metamorphosed into an ineluctable political liability for Republican contenders in the senatorial contests of Maine and Michigan.
他近期對加拿大實施的關稅措施,已然成為緬因州與密西根州參議院選戰中共和黨候選人難以迴避的政治包袱。
Officials within the Trump administration assert that their policies are yielding the anticipated effects along the projected trajectory.
川普政府的官員宣稱,其政策正按預期軌跡發揮效用。
They contend that the burgeoning advancement of artificial intelligence is poised to enhance productivity, thereby catalyzing economic expansion.
他們指出,人工智慧的蓬勃發展可望提升生產力,進而驅動經濟增長。
They underscore that the tariffs imposed last year should ultimately precipitate the repatriation of a greater number of manufacturing positions to the United States, while Trump's tax reduction initiative is expected to stimulate an expansion in commercial investment; furthermore, the administration's crackdown on fraudulent activities is bound to yield substantial fiscal savings for taxpayers.
他們強調,去年實施的關稅措施最終應能促使更多製造業崗位回流美國,而川普的減稅方案則將激勵商業投資的擴張;此外,其政府打擊欺詐行為的舉措,勢必為納稅人節省可觀的財政支出。
The Chairman of the White House Council of Economic Advisers, Christopher Ferland, stated: "I anticipate a more robust trajectory of growth.
白宮經濟顧問委員會主席克里斯多福·費蘭表示:「我預期更為強勁的增長態勢。
We are diligently endeavoring to foster the emergence of favorable conditions."
我們正戮力促成有利情勢的萌生。」
Ferland elucidated that the recent pace of employment growth is approximately double the level requisite for sustaining demographic stability.
費蘭闡明,近期就業增長之速率,約莫為維持人口結構穩定所需水準之兩倍有餘。
He contends that, even conceding that growth alone may prove insufficient to wholly alleviate the nation's fiscal tribulations, a surge in productivity remains highly likely to galvanize macroeconomic expansion over the ensuing years.
渠主張,縱使承認單憑增長恐難以徹底紓解該國所面臨之全部財政困境,生產力之躍升仍極有可能於未來數年間驅動總體經濟之擴張。
According to the analysis of Ernie Tedeschi, head of economic insights and research at the fintech firm Stripe, even if U.S. economic growth were to exceed 3% annually over the next decade, it would merely suffice to stabilize the government's already elevated debt burden, yet prove inadequate to reverse its persistently escalating fiscal deterioration.
根據金融科技企業Stripe的經濟洞察與研究部門主管厄尼·特德斯基的分析,縱使美國經濟增長於未來十年間每年超越3%,亦僅足以穩定政府已然高企的債務負擔,而難以扭轉其持續攀升的財政頹勢。
At the G20 finance ministers' summit convened in North Carolina, Treasury Secretary Scott Bessent vigorously extolled the virtues of robust economic expansion; concurrently, Commerce Secretary Howard Lutnick, at a G20 gathering centered on innovation, articulated an analogous perspective with striking parity.
財政部長斯科特·貝森特於北卡羅來納州召開的二十國集團財長峰會上,著力宣揚強勁經濟增長所帶來的裨益;與此同時,商務部長霍華德·盧特尼克亦在聚焦創新議題的二十國集團會議中,如出一轍地闡述了相同觀點。
Nevertheless, in an exclusive interview with the Associated Press, Bessent noted that he is collaborating with Russell Vought, Director of the Office of Management and Budget, to unveil a policy blueprint aimed at "reducing the scale of debt and deficits."
儘管如此,貝森特在接受美聯社專訪時指出,他正與白宮預算管理局局長羅斯·沃特協同作業,著手公布一項旨在「削減債務與赤字規模」的施政藍圖。
Endeavoring to meaningfully curtail an annual budget deficit of approximately two trillion dollars—projected to surpass three trillion within a decade—constitutes an undertaking fraught with profound political peril.
試圖以有意義之姿削減每年約兩兆美元的預算赤字——預計十年後將突破三兆美元之譜——實乃蘊藏高度政治風險之舉。
Even though a trajectory of deficit reduction might yield salutary effects on interest rates, the specific modalities of expenditure cuts and tax increases are bound to exact an ineffable political toll.
即便降低赤字之軌跡或能對利率產生裨益,然削減支出與增稅之具體形式,勢必招致難以言喻的政治代價。