One of the newcomers, Frederic Mishkin, is a well-known advocate of inflation targeting. There is change at the regional reserve banks too.

其中的一个新人弗莱德里克·米什金(Frederic Mishkin)是远近闻名的通胀目标制支持者。

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Frederic Mishkin, a former governor of the Fed, said there were two sorts of bubbles: "credit boom" bubbles and "irrational exuberance" bubbles.

美联储前理事弗雷德里克·米什金(Frederic Mishkin)表示，泡沫有两种：“信贷繁荣”泡沫和“非理性繁荣”泡沫。

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Frederic Mishkin, a member of the Fed's rate-setting committee, argued this week that fighting recession and curbing inflation are not conflicting objectives.

美联储利率制定委员会的成员费德雷克。米什金这周提出主张，对抗衰退和遏制通胀是两个不冲突的目标。

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"Small losses in one sector of the credit market can have an outsized impact on aggregate economic activity, " said Federal Reserve Board Governor Frederic Mishkin at a conference in New York Friday.

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However, Takatoshi Ito of Tokyo University and Frederic Mishkin of Columbia University argue that whereas inflation-rate targets may be best in normal times, once an economy is suffering deflation there is a stronger case for a price-level target because it requires a compensating period of higher-than-normal inflation.

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On February 22, 2013, Frederic Mishkin, Peter Hooper, James Hamilton and David Greenlaw published Crunch Time: Fiscal Crises and the Role of Monetary Policy, an 86-page paper that predicts the Fed will stare down the barrel of a few hundred billion dollars of losses when interest rates rise.

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