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
For all his vaunted talents, Federal Reserve Chairman Alan Greenspan has never had much of a reputation as an economic forecaste
For all his vaunted talents, Federal Reserve Chairman Alan Greenspan has never had much of a reputation as an economic forecaste
admin
2009-05-21
44
问题
For all his vaunted talents, Federal Reserve Chairman Alan Greenspan has never had much of a reputation as an economic forecaster. In fact, he shies away from making the precise-to-the-decimal-point predictions that many other economists thrive on. Instead, he owes his success as a monetary policymaker to his ability to sniff out threats to the economy and manipulate interest rates to dampen the dangers he perceives.
Now, those instincts are being put to the test. Many Fed watchers--and some policymakers inside the central bank itself--are beginning to wonder whether Greenspan has lost his touch. Despite rising risks to the economy from a swooning stock market and soaring oil prices that could hamper growth, the Greenspan-led Federal Open Market Committee (FOMC) opted to leave interest rates unchanged on Sept.24 . But in a rare dissent, two of the Fed’s 12 policymakers broke ranks and voted for a cut in rates--Dallas Fed President Robert D. McTeer Jr. and central bank Governor Edward M. Gramlich.
The move by McTeer, the Fed’s self-styled "Lonesome Dove", was no surprise. But Gramlich’s was. This was the first time that the monetary moderate had voted against the chairman since joining the Fed’s board in 1997. And it was the first public dissent by a governor since 1995.
Despite the split vote, it’s too soon to count the maestro of monetary policy out. Greenspan had good reasons for not cutting interest rates now. And by acknowledging in the statement issued after the meeting that the economy does indeed face risks, Greenspan left the door wide open to a rate reduction in ’the future. Indeed, former Fed Governor Lyle Gramley thinks chances are good that the central bank might even cut rates before its next scheduled meeting on Nov. 6, the day after congressional elections.
So why didn’t the traditionally risk-averse Greenspan cut rates now as insurance against the dangers dogging growth? For one thing, he still thinks the economy is in recovery mode. Consumer demand remains buoyant and has even been turbocharged recently by a new wave of mortgage refinancing. Economists reckon that homeowners will extract some $100 billion in cash from their houses in the second half of this year. And despite all the corporate gloom, business spending has shown signs of picking up, though not anywhere near as strongly as the Fed would like.
Does that mean that further rate cuts are off the table? Hardly. Watch for Greenspan to try to time any rate reductions to when they’ll have the most psychological pop on business and investor confidence. That’s surely no easy feat, but it’s one that Greenspan has shown himself capable of more than once in the past. Don’t be surprised if he surprises everyone again.
选项
A、his successful predictions of economy
B、his timely handling of interest rates
C、his unusual economic policies
D、his unique sense of dangers
答案
B
解析
这是一道细节题。题干中的信号词为Alan Greenspan,出自于文章第一段第一句话中。文章第一段指出:作为一个货币政策制定者,格林斯潘把他的成功归功于他察觉经济所面临的威胁以及调控利率以消除他所感受到的危险的能力。这说明, B“他及时地调控利率”与文章的意思符合。文中说的是他避免进行精确到小数点的经济预测,所以A不对:C明显与文章的意思不符合;D不确切。
转载请注明原文地址:https://kaotiyun.com/show/oPsa777K
本试题收录于:
MBA联考(英语)题库专业硕士分类
0
MBA联考(英语)
专业硕士
相关试题推荐
Nameshavegainedincreasingimportanceinthecompetitiveworldofhighereducation.Ascollegesstriveformarketshare,they
WholesalepricesinJulyrosemoresharplythanexpectedandatafasterratethanconsumerprices,【1】thatbusinesseswerestill
WholesalepricesinJulyrosemoresharplythanexpectedandatafasterratethanconsumerprices,【1】thatbusinesseswerestill
Youshouldn’tbeso______—Ididn’tmeananythingbadinwhatIsaid.
Theinventionofbothlabor-savingtoolsandtoolsofintelligenceisrarelyaccidental.Instead,itisusuallytheproductofh
Theinventionofbothlabor-savingtoolsandtoolsofintelligenceisrarelyaccidental.Instead,itisusuallytheproductofh
ThemainreasonwhysomeAsiancountriesaresufferingfromeconomicdepressionisthatthey______.Whatdoesthesentence"wa
WiththeScholastics,thesearchfornewknowledge______.Whichofthefollowingbestillustratestherelationbetweenreason
With950millionpeople,IndiarankssecondtoChinaamongthemostpopulouscountries.ButsinceChina【1】afamilyplanningprog
Chinaisboomingandprivateequityfirmsintendtoprosperalongsidethecountry.Asopportunisticinvestors,thefundstypically
随机试题
可用于吗啡类成瘾者戒毒的药物是
某新建加油站按照有关规定建立该加油站的生产安全事故应急预案体系,为保证编制工作顺利进行,成立了以站长为组长的应急预案编制组,按照应急预案编制程序要求,编制组在应急预案编制工作前应完成的工作是()。
某资产年金收益额为8500元,剩余使用年限为20年,假定折现率为10%,则其评估值最接近于()元。
证券投资分析一直是证券市场一个非常重要的产业。( )
2011年1月2日,A公司以银行存款600万元对D公司投资,持有D公司股权的50%,具有重大影响。(1)2011年1月2日D公司可辨认净资产公允价值总额与账面价值相等均为1400万元。(2)2011年3月2日,D公司宣告分配2010年现金股利100万元
下列叙述正确的是()。
在新形势下,积极推动社会管理创新已成为人民法院改进工作思路和工作机制的重大举措,成为人民法院顺应时代发展和社会变迁“能动司法”的应有之义。实践证明:在由传统社会向现代社会转型的时期里,在推进社会管理创新的进程中,人民法院不仅_______,而且______
食物链一词是英国动物学家埃尔顿于1927年首次提出的。如果一种有毒物质被食物链的低级部分吸收,如被草吸收,虽然浓度很低,不影响草的生长,但兔子吃草后有毒物质很难排泄,会在它体内积累;鹰吃大量的兔子,有毒物质会在鹰体内进一步积累。美国国鸟白头鹰之所以面临灭绝
ProfessorLee’smostimportant_____wastheintroductionoftheseminarymethodofinstructionforadvancedstudents.
为了帮你更好地理财,教你几个省钱小窍门。一、设定“远大”的目标,促进自己存钱。比如,计划自己在一年之内买一套正装,两年内买辆车或者五年内买套房子。二、节约日常开支。三、养成省钱的习惯,远离费钱的东西。要学着记账,记清楚买了什么东西,花了多少钱。
最新回复
(
0
)