近期的指标显示，经济活动正在以适度的速度扩展。近几个月的就业增长强劲，失业率保持在低水平。通胀依然处于较高水平。

美国银行系统健全且有韧性。对家庭和企业的更紧的信贷条件可能会对经济活动、雇佣和通胀产生影响。这些影响的程度仍然不确定。委员会对通胀风险保持高度警觉。

委员会寻求实现最大就业和长期内的2%的通胀率。为支持这些目标，委员会决定将联邦基金利率的目标区间提高到5-1/4至5-1/2%。委员会将继续评估额外信息及其对货币政策的影响。在决定可能需要进一步加强政策以使通胀率在一段时间内回到2%的程度时，委员会将考虑货币政策紧缩的累积效应，货币政策影响经济活动和通胀的滞后情况，以及经济和金融发展。此外，委员会将继续按照先前公布的计划，减少其持有的国债和机构债务，以及机构抵押贷款支持证券。委员会强烈致力于将通胀率回归其2%的目标。

在评估货币政策的适当立场时，委员会将继续监测新的信息对经济前景的影响。如果出现可能阻碍委员会实现其目标的风险，委员会将做好调整货币政策立场的准备。委员会的评估将考虑大量的信息，包括劳动市场状况、通胀压力和通胀预期，以及金融和国际发展的阅读。

投票赞成此次货币政策行动的有：杰罗姆·H·鲍威尔，主席；约翰·C·威廉姆斯，副主席；迈克尔·S·巴尔；米歇尔·W·鲍曼；丽莎·D·库克；奥斯丹·D·古尔斯比；帕特里克·哈克；菲利普·N·杰斐逊；尼尔·卡什卡里；洛丽·K·洛根；和克里斯托弗·J·沃勒。

Recent indicators suggest that economic activity has been expanding at a moderate pace. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated. The U.S. banking system is sound and resilient. Tighter credit conditions for households and businesses are likely to weigh on economic activity, hiring, and inflation. The extent of these effects remains uncertain. The Committee remains highly attentive to inflation risks. The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In support of these goals, the Committee decided to raise the target range for the federal funds rate to 5-1/4 to 5-1/2 percent. The Committee will continue to assess additional information and its implications for monetary policy. In determining the extent of additional policy firming that may be appropriate to return inflation to 2 percent over time, the Committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and economic and financial developments. In addition, the Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage-backed securities, as described in its previously announced plans. The Committee is strongly committed to returning inflation to its 2 percent objective. In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. The Committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the attainment of the Committee's goals. The Committee's assessments will take into account a wide range of information, including readings on labor market conditions, inflation pressures and inflation expectations, and financial and international developments. Voting for the monetary policy action were Jerome H. Powell, Chair; John C. Williams, Vice Chair; Michael S. Barr; Michelle W. Bowman; Lisa D. Cook; Austan D. Goolsbee; Patrick Harker; Philip N. Jefferson; Neel Kashkari; Lorie K. Logan; and Christopher J. Waller. please translate into chinese