공화당, 버냉키의 양적완화를 반대하다..

WASHINGTON (MarketWatch) — The Congressional Republican leadership sent a letter this week to Federal Reserve Board Chairman Ben Bernanke urging him to refrain from any more easing moves, saying that the U.S. economy should be driven by consumer confidence and worker innovation and not by central bank policy. The letter was sent to Bernanke on Monday as he prepared for a two-day meeting of the Federal Open Market Committee, which sets Fed monetary policy.   공화당 지도부는 지난 월요일 버냉키에게 더 이상의 양적완화를 자제하라는 서한을 보냈으며, 미국 경제는 FRB의 양적완화 정책이 아니라, 소비자들의 소비심리 증가와 노동자들의 업무혁신 등, 본질적인 면을 통해 개선되어야 한다고 주장했다.   With the Fed’s traditional policy tool — the federal funds rate — stuck near zero since December 2008, the Fed has been taking unconventional steps to revive the economy. Altogether, the Fed has purchased $2.35 trillion of Treasurys and housing-related securities in two rounds of quantitative easing to try to push investors to leave safer assets and take more risks, thus reviving the economy’s “animal spirits.” But the moves have always been controversial both inside and outside the Fed.   In the sharply toned letter, the Republican leaders said it is not clear that the quantitative easing has done anything to help the economy. They argued that further easing moves would harm the economy and weaken the dollar.   강한 어조의 이 서신에서, 공화당 지도부는 양적완화가 경제 회복을 도왔다는 증거가 없으며, 더 이상의 양적완화는 오히려 경제를 어렵게 하고, 달러를 약하게 할 가능성이 높다고 주장했다.   A majority of Wall Street economists had been expecting the Fed to ease further on Wednesday. The Fed was seen likely to take a new “twist” step to swap shorter-maturity government securities on its balance sheet for longer-dated ones in another stab at jolting the slow-moving U.S. economy. The Fed would announce any decision Wednesday afternoon.   U.S. House Speaker John Boehner The Fed is already under some internal stress. Three Fed regional-bank presidents dissented at the last FOMC meeting in August statement that strongly hinted at further easing. That was the most dissent in almost two decades.   미국 하원의장 존 뵈너는, FRB의 추가적인 양적완화 정책이 공화당의 반대뿐만 아니라, 이미 3명의 지역 연준 은행장에 의해 강한 반대를 받고 있으며, 3명 연준위원의 반대는 거의 20년만에 처음있는 일이라 말했다.   Members of Congress have often weighed in to try to strong-arm the Fed. But in the past, politicians have usually been on the side of the Fed doing more to stimulate demand and arguing against any actions that might slow the economy down or remove the “punch bowl” from the party. In this case, however, the Republican officials were pushed the Fed in the opposite direction.   “We submit that the Fed should resist further extraordinary intervention in the U.S. economy, particularly without a clear articulation of the goals of such a policy, direction for success, ample data proving a case for economic action and quantifiable benefits to the American people,” the letter said. More easing could exacerbate the current problems or “further harm” the economy. The dollar may weaken, and the Fed action might cause debt-strapped consumers to borrow more.   서한에서 공화당 지도부는 더 이상 FRB가 미국 경제에 과도한 관여를 하는 것에 반대하며, 더 이상의 양적완화는 현재의 문제를 오히려 확대시킬뿐만 아니라 경제에 피해를 줄 것이라고 말했다.   The letter was signed by Senate Republican leader Mitch McConnell, Sen. John Kyl of Arizona, Speaker of the House John Boehner and House Republican leader Eric Cantor. Bernanke and his quantitative easing moves have become a symbol for Republicans of big government.   At a recent debate among GOP presidential candidates, many took swipes at Bernanke, saying they would not reappoint him   최근의 공화당 대통령 후보 선거 토론에서 많은 공화당 후보들이 버냉키를 비난했으며, 그들은 버냉키를 다시FRB의장으로 재지명하지 않겠다고 말했다.