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  3. When the right person is holding the right job at the right moment, that person’s influence is greatly expanded. That is the pos

When the right person is holding the right job at the right moment, that person’s influence is greatly expanded. That is the pos

admin2022-11-23  81
问题     When the right person is holding the right job at the right moment, that person’s influence is greatly expanded. That is the position in which Janet Yellen, who is expected to be confirmed as the next chair of the Federal Reserve Bank (Fed) in January, now finds herself. If you believe, as many do, that unemployment is the major economic and social concern of our day, then it is no stretch to think Yellen is the most powerful person in the world right now.
    Throughout the 2008 financial crisis and the recession and recovery that followed, central banks have taken on the role of stimulators of last resort, holding up the global economy with vast amounts of money in the form of asset buying. Yellen, previously a Fed vice chair, was one of the principal architects of the
    Fed’s $3.8 trillion money dump. A star economist known for her groundbreaking work on labor markets, Yellen was a kind of prophetess early on in the crisis for her warnings about the subprime (次级债) meltdown. Now it will be her job to get the Fed and the markets out of the biggest and most unconventional monetary program in history without derailing the fragile recovery.
    The good news is that Yellen, 67, is particularly well suited to meet these challenges. She has a keen understanding of financial markets, an appreciation for their imperfections and a strong belief that human suffering was more related to unemployment than anything else.
    Some experts worry that Yellen will be inclined to chase unemployment to the neglect of inflation. But with wages still relatively flat and the economy increasingly divided between the well-off and the long-term unemployed, more people worry about the opposite, deflation (通货紧缩) that would aggravate the economy’s problems.
    Either way, the incoming Fed chief will have to walk a fine line in slowly ending the stimulus. It must be steady enough to deflate bubbles (去泡沫) and bring markets back down to earth but not so quick that it creates another credit crisis.
    Unlike many past Fed leaders, Yellen is not one to buy into the finance industry’s argument that it should be left alone to regulate itself. She knows all along the Fed has been too slack on regulation of finance.
    Yellen is likely to address the issue right after she pushes unemployment below 6％, stabilizes markets and makes sure that the recovery is more inclusive and robust. As Princeton Professor Alan Blinder says, "She’s smart as a whip, deeply logical, willing to argue but also a good listener. She can persuade without creating hostility. " All those traits will be useful as the global economy’s new power player takes on its most annoying problems.
What is a greater concern of the general public?
选项 A、Recession.
B、Deflation.
C、Inequality.
D、Income.
答案B
解析 由题干中的greater concern和the general public定位到文章第四段第二句。细节辨认题。定位句提到，更多人的担心恰恰相反，即由于富人和长期失业者的经济差距不断加大，通货紧缩才是主要问题，故答案为B。
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