帮忙翻译一下这篇文章FedChorusOutofTuneonRates
FederalReserveofficialsappeardividedinassessingeconomicrisksfromtherecentcreditcrunchanddropinemployment,suggestingtheremaybesomedisagreementonwhetherorhowmuchtocutinterestratesatnextweek'smeetingoftheFed'spolicycommittee.
AFedgovernorandpresidentsofseveralregionalFedbanks,speakingateventsyesterday,acknowledgedthattighteningcreditconditionscouldexacerbatethehousingsector'sdecline.Butmanyalsosoughttoeasesomeworriesthattheeconomywasweakening.
FederalReserveBankofSanFranciscoPresidentJanetYellenexpressedthemostconcern,notingthatdownsideriskstotheeconomyhadrisen"appreciably"becauseofrecentcredit-andhousing-marketturbulence.Still,shesaid,theextentofdisruptionsfromsuchmarketturmoilremainuncertainand"canturnouttobesurprisinglysmall."
"Abigissueiswhetherdevelopmentsintherelativelysmallhousingsectorwillspreadtothelargeconsumptionsector,perhapsthroughdeclinesinhouseprices,"Ms.Yellensaid."Shouldthedeclineinhousepricesoccurinthecontextofrisingunemployment,theriskscouldbesignificant."
NoneofthebankpresidentsspeakingyesterdayfillsoneoftherotatingvotingslotsontheFederalOpenMarketCommittee,whichmeetsnextTuesdaytodecidewhethertomovethecentralbank'stargetforshort-terminterestrates.Butall12presidentsparticipateinthediscussion.Acutofatleastaquarterpercentagepointfromthe5.25%targetiswidelyexpected.Someanalystsexpectamoreaggressivehalf-pointeasingtopreventasharpdownturn.
AtleastuntilthispastFriday,whenlaborstatisticsshowedthefirstemploymentdeclineinfouryears,Fedofficialshadbeenmaintainingtheirpositivestanceontheeconomicoutlook,citingrelativelystrongreportsonmanufacturingandstronger-than-expectedfiguresforretailandvehiclesales.
FedgovernorFredericMishkinreiteratedthosepositivesignsofbusinessspendinglastnighttoaNewYorkaudience.Buthealsowarnedthat"allthiscouldchangenoticeablyifmanyfirmsweretofacesignificantlytightercreditconditionsorifbusinesssentimentweretosoftenappreciably."
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