2. 职称英语
  3. When the right person is holding the right job at the right moment, that per

When the right person is holding the right job at the right moment, that per

游客2023-08-04  67
问题     When the right person is holding the right job at the right moment, that person’s influence is greatly expanded. That is the position in which Janet Yellen, who is expected to be confirmed as the next chair of the Federal Reserve Bank (Fed) in January, now finds herself. If you believe, as many do, that unemployment is the major economic and social concern of our day, then it is no stretch to think Yellen is the most powerful person in the world right now.
    Throughout the 2008 financial crisis and the recession and recovery that followed, central banks have taken on the role of stimulators of last resort, holding up the global economy with vast amounts of money in the form of asset buying. Yellen, previously a Fed vice chair, was one of the principal architects of the
    Fed’s $3.8 trillion money dump. A star economist known for her groundbreaking work on labor markets, Yellen was a kind of prophetess early on in the crisis for her warnings about the subprime (次级债) meltdown. Now it will be her job to get the Fed and the markets out of the biggest and most unconventional monetary program in history without derailing the fragile recovery.
    The good news is that Yellen, 67, is particularly well suited to meet these challenges. She has a keen understanding of financial markets, an appreciation for their imperfections and a strong belief that human suffering was more related to unemployment than anything else.
    Some experts worry that Yellen will be inclined to chase unemployment to the neglect of inflation. But with wages still relatively flat and the economy increasingly divided between the well-off and the long-term unemployed, more people worry about the opposite, deflation (通货紧缩) that would aggravate the economy’s problems.
    Either way, the incoming Fed chief will have to walk a fine line in slowly ending the stimulus. It must be steady enough to deflate bubbles (去泡沫) and bring markets back down to earth but not so quick that it creates another credit crisis.
    Unlike many past Fed leaders, Yellen is not one to buy into the finance industry’s argument that it should be left alone to regulate itself. She knows all along the Fed has been too slack on regulation of finance.
    Yellen is likely to address the issue right after she pushes unemployment below 6％, stabilizes markets and makes sure that the recovery is more inclusive and robust. As Princeton Professor Alan Blinder says, "She’s smart as a whip, deeply logical, willing to argue but also a good listener. She can persuade without creating hostility. " All those traits will be useful as the global economy’s new power player takes on its most annoying problems. [br] What is Yellen likely to do in her position as the Fed chief?
选项 A、Develop a new monetary program.
B、Restore public confidence.
C、Tighten financial regulation.
D、Reform the credit system.
答案 C
解析 由题干中的the Fed chief定位到文章第六段。推理判断题。定位段指出，耶伦不认为金融行业能够自我规范，她认为美联储在对金融监管方面过于松弛。而随后的第七段首句也指出她上任后就要着手解决这一问题。故可推知，她将要收紧金融管控，故答案为C。
转载请注明原文地址:https://tihaiku.com/zcyy/2895317.html
相关试题推荐
随机试题
最新回复(0)