voa标准英语2008-US Central Bank Cuts Short-term Interest Rates t
时间：2019-01-13 作者：英语课 分类：VOA标准英语2008年(十二月)
Officers of the U.S. Federal Reserve stand watch in front of the Fed building in Washington, D.C., 29 Oct 2008
The Federal Reserve is taking short-term rates to their lowest level since the central bank was founded in 1913. It is cutting rates by three quarters of one percent to 0.25 percent.
Following its two-day meeting, the 12 member policy making committee said the central bank will use all available tools to stimulate 1 economic activity and combat the financial crisis. It was tenth cut in short-term rates in the past 12 months.
Bill Poole was until earlier this year a Federal Reserve governor. "The Fed is sending a message that it will print money to an unlimited 2 extent until it starts to see the economy expanding," he said.
In its statement, the Fed said that the economic outlook has weakened further since the committee's last meeting in late October. The U.S. economy has been in recession for one year. The gross domestic product expanded by a meager 3 0.5 percent annual rate in the three months ending in September.
And some analysts 4 expect negative growth at a six percent annual rate in the current three-month quarter. The economy has lost nearly two million jobs in the past year and the recession is already the longest in 25 years. Some analysts worry that the downturn will be worst in the post-World War II period.
The global outlook is not much better as Japan and parts of Western Europe have entered recession. And growth in China-the fastest growing emerging economy is decelerating from the rapid 12 percent rate of earlier this year.
Analysts say the central bank's challenge is greatly compounded by the 15-month old credit squeeze that has essentially 5 frozen some sectors 6 of the credit markets. Thus, no matter how low interest rates are, creditors 7 are reluctant to lend, while businesses and consumers are reluctant to borrow.
The stock market responded favorably to the news of the larger than expected rate cut. A rally that had seen the Dow industrials up 100 points quickly changed to a 200 point advance.
- Your encouragement will stimulate me to further efforts.你的鼓励会激发我进一步努力。
- Success will stimulate the people for fresh efforts.成功能鼓舞人们去作新的努力。
- They flew over the unlimited reaches of the Arctic.他们飞过了茫茫无边的北极上空。
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- He could not support his family on his meager salary.他靠微薄的工资无法养家。
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- City analysts forecast huge profits this year. 伦敦金融分析家预测今年的利润非常丰厚。
- I was impressed by the high calibre of the researchers and analysts. 研究人员和分析人员的高素质给我留下了深刻印象。
- Really great men are essentially modest.真正的伟人大都很谦虚。
- She is an essentially selfish person.她本质上是个自私自利的人。
- Berlin was divided into four sectors after the war. 战后柏林分成了4 个区。 来自《简明英汉词典》
- Industry and agriculture are the two important sectors of the national economy. 工业和农业是国民经济的两个重要部门。 来自《现代汉英综合大词典》