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
外语
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
2010-07-06
36
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 rotes—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.
The author seems to regard Greenspan’s manipulation of interest rates with
选项
A、disapproval.
B、doubt.
C、approval.
D、admiration.
答案
D
解析
本题考查作者态度。根据全文,尤其末段的描述,“格林斯潘总是选择对经济和投资者信心影响最大的时刻宣布降低利率。这绝非易事,而格林斯潘已不止一次做到了这一点,如果他再有惊人之举,大家不应吃惊”。可见作者对Greenspan的利率操作非常钦佩,故D 为正确答案。C 项语气不够。
转载请注明原文地址:https://kaotiyun.com/show/yQDd777K
本试题收录于:
公共英语四级笔试题库公共英语(PETS)分类
0
公共英语四级笔试
公共英语(PETS)
相关试题推荐
Couldthebadolddaysofeconomicdeclinebeabouttoreturn?SinceOPECagreedtosupply-cutsinMarch,thepriceofcrudeoil
Couldthebadolddaysofeconomicdeclinebeabouttoreturn?SinceOPECagreedtosupply-cutsinMarch,thepriceofcrudeoil
Couldthebadolddaysofeconomicdeclinebeabouttoreturn?SinceOPECagreedtosupply-cutsinMarch,thepriceofcrudeoil
InJanuary1995,theworldwitnessedtheemergenceofanewinternationaleconomicorderwiththelaunchingoftheWorldTradeO
TherecentsocialandeconomicchangesintheUShavegreatimpactonalltheAmericanhousingsystem.
TherecentsocialandeconomicchangesintheUShavegreatimpactonalltheAmericanhousingsystem.
TherecentsocialandeconomicchangesintheUShavegreatimpactonalltheAmericanhousingsystem.
Supermarketshoppershaveneverbeenmorespoiltforchoice.Butjustwhenwethoughttraditionalsystemsofselectivefarmingh
ThespeakerthinksthattobeateacherismoredifficultthantobethepresidentoftheNEA.Thespeakerthoughthedidther
Thefirstparagraphismainlyabout______.Populationpolicywetakeshouldbeconsidered______.
随机试题
国际开发协会(IDA)的资金来源不包括【】
A.胃泌素B.胰泌素C.胆囊收缩素D.生长抑素E.胃动素主要抑制胃泌素释放的是
患者,男,55岁,急性心肌梗死患者发病3周后出现发热和心包摩擦音,ESR30mm/h,WBC6.1×109/L,N55%,最可能的诊断是
从企业名称“杭州威风化工有限公司”,跟单员可以准确地得到下列哪些信息()
在我国,依法对期货公司董事、监事和高级管理人员进行自律管理的机构包括()。
唐斯“理性投票人假说”的基本观点是()。
下面材料,根据要求写作文。东邻人家的岳母死了,殡葬的时候需要一篇祭文,这家人就托私塾的老师帮写一篇。塾师便从古本里规规矩矩的抄了一篇,没想到误抄了悼岳丈的祭文。葬礼正在进行的时候,识字的人发现这篇祭文完全弄错了。这一家人跑回私塾去责问老师。塾师解
当一事物存在时,其自身已经包含着自我肯定和自我否定的因素,构成事物自我发展的内在基础。()
一些国际环境组织近年来已改变了保护策略。他们努力拯救整个自然环境,而不是在一段时间内只力图拯救一个物种。许多专家感到在过去15年中,最成功的是世界上几乎所有国家都有了国家动植物保护区和保护公园。这意味着天然的野生生物区将继续供养着许多种相互依存的野生动植物
ReadingEfficientlybyReadingIntelligentlyUsinggoodreadingstrategies,youcangetthemaximumbenefitfromyourreadingw
最新回复
(
0
)