首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
考研
The Federal Reserve doesn’t want anyone to think it’s taking sides in politics. So in an election year, the Fed is more likely t
The Federal Reserve doesn’t want anyone to think it’s taking sides in politics. So in an election year, the Fed is more likely t
admin
2015-03-25
97
问题
The Federal Reserve doesn’t want anyone to think it’s taking sides in politics. So in an election year, the Fed is more likely to
stand pat
. It’s less likely to raise rates if that’s what’s needed, or to cut rates if a rate cut is what’s required.
But here’s the problem: The harder the Fed tries to avoid politics—the elephant in the room—the more it allows political thinking to infect its mission. A truly apolitical Fed would do whatever is the right thing for the economy and resolutely ignore the second-guessers in both parties.
Eric Rosengren, President of the Federal Reserve Bank of Boston, who favors more aggressive action by the Fed to raise growth and lower unemployment, made the case for a truly apolitical Fed in an interview with the Boston Globe published today. "We don’t get to pick the timing of a global slowdown," Rosengren told the Globe. " If there’s a slowdown and you have an independent central bank, the appropriate response is to act. I think that’s exactly what we should do. "
Rosengren did not go quite as far as the Boston Globe story implied—that is, he did not specifically mention election-year pressures. The Globe writers, Steven Syre and Andrew Caf-frey, paraphrased Rosengren as saying that the Fed should not worry if further easing is seen as influencing the presidential election. I wrote to them for clarification and Syre responded that "Rosengren’s quote was his response to a question about any potential political controversy around a fed stimulus vote two months before an election. " So it was the reporters who brought up politics, not Rosengren himself. That might seem like a small point, but in the arcane world of Fed politics, it matters. Tim Duy, a University of Oregon economist who blogs on Fed policy, told the Globe, "to pull back the curtain and say, ’They’re doing this for the election,’ I think is a shift and reflects his level of frustration. " That’s an overstatement of what Rosengren said.
Still, the frustration among doves is real. I wrote this week’s Bloomberg Businessweek cover story on Ben Bernanke. In it, I quoted economist Paul Krugmanas saying on his New York Times blog, "We have reached a point where the Fed is afraid to do its job, for fear of being accused of helping Obama."
Vincent Reinhart, the chief U. S. economist of Morgan Stanley(MS), whom I interviewed for the Bernanke cover, made a study of Fed decision-making in election years and concluded that the central bank’s bias was not toward being too loose or too tight but simply toward not doing very much at all. " It will tend to choose operations that are smaller and time them to keep out of scrutiny," Reinhart told me. "This particular year, a higher hurdle for action means you delay doing more accommodation. Hence, it looks biased. "
The phrase "stand pat"(Line 2, Para.1)most probably means
选项
A、to stand firm
B、to stay loose
C、to be independent
D、to keep back
答案
A
解析
语义理解题。根据题干提示定位至第一段。该段第一句指出:美国联邦储备局不想让人认为它在政治中偏袒某方。同时又在第三句进一步解释:即使有上调或削减利率的必要,美联储也不太可能进行变动。综合这两句可以看出stand pat的意思是“保持不变”,因此正确答案为[A]。
转载请注明原文地址:https://kaotiyun.com/show/eT74777K
0
考研英语一
相关试题推荐
Thecarrot-and-sticktheoryofmotivation(likeNewtonianphysicaltheory)worksreasonablywellundercertaincircumstances.(4
Inthefollowingtext,somesentenceshavebeenremoved.ForQuestions41-45,choosethemostsuitableonefromthelist(A、B、C、
Peoplehavegoodreasontocareaboutthewelfareofanimals.EversincetheEnlightenment,theirtreatmenthasbeenseenasam
WhenthreeFloridaboyswerediagnosedashavingAIDS,theirbarberrefusedtocuttheirhairandtheirhousewasburneddownby
[A]Higherlivingstandard.[B]Importanceoftransportintrade.[C]Various,meansoftransport.[D]Birthoftransport-rela
AccordingtoLeszczynski,howdoesmobilephoneaffectone’shealth?What’stheresultoftheFrenchstudy?
Spain’sgovernmentisnowchampioningacausecalled"righttobeforgotten".IthasorderedGoogletostopindexinginformation
Britainhasoneofthebiggestonlineeconomies.Itsresearchersinventedboththewebandthecomputer.IthastheEnglishlang
IsEinstein’sGeneralTheoryofRelativityPerfect?Familiarasitmayseem,gravityremainsamysterytomodemphysics.De
Weareonthevergeofdestroyingourozonelayer.Weareclosetodestroyinghundredsofexquisiteanimalspecies.Moreover,we
随机试题
甲村将村集体所有的荒山以土地使用权出让的形式出让给乙企业有偿使用70年。后勘查出荒山的地下蕴藏铁矿,下列关于该铁矿所有权和采矿权归属的说法正确的是【】
下列可引起二重感染的抗菌药物是
患儿,女,5岁。反复咳嗽2个月,咳嗽呈发作性,干咳痰少,夜间加剧,用抗生素治疗无效,口服氨茶碱能明显减轻症状。应首先考虑的是
下列不计算建筑面积的内容有()。
一个建设工程项目存在代表不同利益方的项目管理,但其中的核心是()的项目管理。
公积金个人住房贷款与商业银行自营性个人住房贷款的区别不包括()。
有他人为了谋取不正当利益给予国家工作人员财物。但国家工作人员没有接受贿赂的故意,立即将财物送交有关部门处理的,一般不构成受贿罪。()
根据以下情境材料,回答下列问题。17岁的小刚就职于一家汽车美容店,平时帮顾客洗车、跟师傅学贴膜。2019年7月27日,于某来到小刚所在的新阳汽车美容店,于某在该店洗完车后又让小刚帮其拿店里最贵的膜给车贴上。小刚声称,师傅不在,自己技术不精,需要等师傅回来
给定程序MODI1.C中函数fun的功能是:首先将大写字母转换为对应小写字母;若小写字母为a~u,则将其转换为其后的第5个字母;若小写字母为v~z,使其值减21。转换后的小写字母作为函数值返回。例如,若形参是字母A,则转换为小写字母f若形参是字母W,则转换
Englishistheleadinginternationallanguage.Indifferentcountriesaroundtheglobe,Englishisacquiredasthemothertongue
最新回复
(
0
)