Fed's independent structure has proved its worth, Waller says
沃勒称美联储的独立结构已证明其价值

PALO ALTO, California, May 9 (Reuters) - The structure of the Federal Reserve's Board of Governors, with members who cannot be fired over policy disputes and serve for periods staggered across presidential terms, has "stood the test of time" and should be preserved, Fed Governor Christopher Waller said on Friday.
加州帕洛阿尔托 5 月 9 日（路透社）——美联储理事克里斯托弗·沃勒周五表示，美联储理事会的结构“经受住了时间的考验”，应该保留下来。该结构规定，理事会成员不能因为政策纠纷而被解雇，而且任期跨总统任期。

Waller, citing earlier research of his own and others, said the U.S. central bank's system provides electoral accountability by letting every U.S. president who serves a four-year term appoint some members of the seven-person Board of Governors, while the lengthy terms of up to 14 years allow objective, non-partisan policymaking.
沃勒引用了他自己和其他人早期的研究，称美国央行的制度提供了选举问责，让每位任期四年的美国总统任命七人理事会的一些成员，而长达 14 年的任期允许制定客观、不带党派色彩的政策。

That setup is more likely to produce better policy outcomes, with lower inflation and less economic volatility.
这种设置更有可能产生更好的政策结果，降低通货膨胀和减少经济波动。

Economic stability is "enhanced by having a group of individuals set policy who could not be removed from office," said Waller, a former research director at the St. Louis Fed who was appointed as a Fed governor during President Donald Trump's first term in the White House.
沃勒曾任圣路易斯联邦储备银行研究主管，并在唐纳德·特朗普总统第一任期内被任命为美联储理事，他表示，“一群无法被免职的个人制定政策可以增强经济稳定性”。

"This structure is the one that we have in place today at the Federal Reserve," Waller told a monetary policy conference at Stanford University's Hoover Institution. "I would argue that it has stood the test of time, and I hope that it continues to be in place for years to come."
沃勒在斯坦福大学胡佛研究所的货币政策会议上表示：“美联储目前采用的就是这种结构。我认为它经受住了时间的考验，我希望它在未来几年继续有效。”

His comments follow what seemed to be threats by Trump earlier this year to try to fire Fed Chair Jerome Powell, though the president has since backed down. The Fed is closely monitoring a case before the U.S. Supreme Court to see if Trump is allowed to fire officials at other independent agencies.
此前，特朗普今年早些时候似乎曾威胁要解雇美联储主席杰罗姆·鲍威尔，但后来总统做出了让步 。美联储正在密切关注美国最高法院的一宗案件，以确定特朗普是否有权解雇其他独立机构的官员。

Waller did not comment on monetary policy or the economic outlook in his prepared remarks.
沃勒在准备好的发言稿中没有对货币政策或经济前景发表评论。