2007北京太奇培訓(xùn)學(xué)�？佳杏⒄Z(yǔ)強(qiáng)化班授課講義(十一)

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Money  Manager

    The most important of the Fed’s responsibilities is formulating and carrying out monetary policy. In this role the Fed acts as the nation’s “money manager” – working to balance the flow of money and credit with the needs of the economy. Simply stated, too much money in the economy can lead to inflation, while too little can stifle economic growth. As the nation’s “money manager”, the Fed seeks to strike a balance between these two extremes, or, in other words, to foster economic growth with price stability.

    The control level that the Fed uses in this process is the “reserves” that banks and thrifts must hold.

貨幣管理者

    聯(lián)儲(chǔ)最重要的責(zé)任是制訂和執(zhí)行貨幣政策。在執(zhí)行這個(gè)任務(wù)中，聯(lián)儲(chǔ)擔(dān)任國(guó)家的“貨幣管理者”的角色 – 致力于使貨幣和信貸的流量和經(jīng)濟(jì)的需要相平衡。簡(jiǎn)單地說(shuō)，經(jīng)濟(jì)中貨幣過(guò)多會(huì)導(dǎo)致通貨膨脹，而過(guò)少又會(huì)抑制經(jīng)濟(jì)增長(zhǎng)。作為這個(gè)國(guó)家的“貨幣管理者”，聯(lián)儲(chǔ)尋求在這兩個(gè)極端之間達(dá)成一種平衡，或者，換句話說(shuō)，以物價(jià)穩(wěn)定促使經(jīng)濟(jì)增長(zhǎng)。

    聯(lián)儲(chǔ)在這方面使用的控制杠桿是各銀行和節(jié)約組織必須保持的“儲(chǔ)備金”。