官方APP下载:英语全能特训(微信小程序版,支持苹果手机、安卓手机)
创办于2003年
UNSV记不住?那就记中文谐音“忧安思危”吧!
  Slow and Steady Wins the Race!
UNSV英语学习频道 - Slow and steady wins the race!
公众微信服务号
英语全能特训(微信公众服务号)
UNSV英语学习频道淘宝网店
客服短信:18913948480
客服邮箱:web@unsv.com
初级VIP会员
全站英语学习资料下载。
¥98元/12个月

ECONOMICS REPORT - Fed Gets Ready to Pump $600 Billion More Into US Economy

阅读次数:


VIP会员专享下载:(非VIP会员无权下载!如果想下载,但还不是VIP会员,请点此订购
下载方式:使用鼠标右键(注意是鼠标右键!)点击下面的MP3音频/MP4视频链接,然后选择“另存为…”。
英汉翻译对照 英汉翻译对照  MP3节目录音 MP3节目录音  PDF节目文稿 PDF节目文稿  MP3同步字幕 MP3同步字幕 
文章正文
同步字幕

This is the VOA Special English Economics Report.

The Federal Reserve calls America's economic recovery "disappointingly slow." So the Federal Reserve decided Wednesday to add six hundred billion dollars to the financial system by the middle of next year. To do this, the central bank will buy Treasury securities from dealers.

The action is known as quantitative easing. The goal is to reduce long-term interest rates. The hope is to create conditions where businesses will invest more and people will spend more.

Buying longer-term Treasury securities will make less government debt available to investors. This will raise the price. As bond prices rise, their rates fall.

U.S. money
U.S. money

Long-term securities affect rates on home mortgages and other loans. Lower rates on corporate bonds could lead businesses to invest in more equipment and jobs.

Lowering short-term interest rates is the Federal Reserve's main way to get banks to increase lending. But those rates are already near zero.

The Fed earlier bought one trillion seven hundred fifty billion dollars of Treasuries and other securities. That program ended in March.

Fed Chairman Ben Bernanke, writing in The Washington Post, said "Easier financial conditions will promote economic growth." But interest rates are already low.  And critics say further cuts are unlikely to create much growth.

Inflation also is low -- so low that some economists worry more about the risk of falling prices and wages. But others say pumping more money into the economy will weaken the value of the dollar. They say it could raise inflation to dangerous levels -- and not just in America.

Interest rates in the United States and Europe are lower than in Asia and Latin America. As a result, Asian and Latin American economies are already struggling with an overflow of investments.

Large flows of capital can raise currency values and make export-based economies less competitive. Several nations are considering limits on capital.

The Fed's action this week had been expected. But it comes as the heads of twenty leading economies prepare for talks in South Korea next week.  And it came a day after the Republican Party retook control of the House of Representatives from the Democrats.

President Obama has invited leaders of both parties to meet on November eighteenth. One immediate issue: what to do with tax cuts that are set to end next month.

And that's the VOA Special English Economics Report. I'm Steve Ember.

___

Contributing: Heda Bayron, Jim Randle and Avi Arditti

网友的学习评论(0条):
版权所有©2003-2019 南京通享科技有限公司,保留所有权利。未经书面许可,严禁转载本站内容,违者追究法律责任。 互联网经营ICP证:苏B2-20120186
网站备案:苏ICP备05000269号-1中国工业和信息化部网站备案查询
广播台