首页
登录
职称英语
"The US economy is rapidly deteriorating," says Mr. Grannis. "The odds of a re
"The US economy is rapidly deteriorating," says Mr. Grannis. "The odds of a re
游客
2023-12-12
21
管理
问题
"The US economy is rapidly deteriorating," says Mr. Grannis. "The odds of a recession are now very high, perhaps by the end of the year." There are already some signs that important pillars are weakening. Consumer confidence has fallen for the past two months. The housing sector, which has been buoyant, is starting to sink. Corporate profits are falling. Some analysts are especially concerned over the sharp fall of commodity prices. They believe it represents the threat of deflation, it could cause a global slowdown. "The Fed will have to act forcefully to arrest the deflationary forces," says Robert Lamorte, chairman of Behavioral Economics, a consulting firm in San Diego. But others counter that the central bank doesn’t need to intervene. They argue the Fed should wait to see real data before acting. "The fundamentals are better than the stock market reflects", says Peter Kretzmer, an economist at Nations-Banc Montgomery Security. Indeed, President Clinton tried to do his part to calm the market during his trip to Moscow, citing the strong job market and balanced budget. "We believe our fundamental economic policy is sound," he said. His comments echoed statements by Peter Rubin in Washington. Some numbers do continue to reflect a strong economy. On Sep. 1, the Conference Board released its index of leading indicators. The index rose 0.4 percent, prompting the business organization to predict that the nation’s output should increase at a moderate pace for the rest of 1998. The group sees little risk of recession in the near term. But what has changed is the global economy. Japan and the rest of Asia are in recession. The woes are spreading to Latin America. "I’m now convinced we are going to have a global economic recession,’ says Sung Won Sohn, chief economist at Norwest Corp, a Minneapolis-based bank. But, he added, it’s not certain the US will slide into a period of negative growth. He rates the risk of recession at only 10 to 15 percent. "We will be responding to the world economic situation rather than leading it "he says. Still, Fed watchers don’t think the central bank will act to try to save the world. "It’s inconceivable the Fed could make much difference in Asia, Russia, or Latin America," says Lyle Gramley, a former Fed governor. After the last stock market crash, in 1987, the Federal Reserve acted quickly to provide liquidity to the markets and to lower interest rates. But the economy is in better shape this time. The banking sector is stronger and the financial markets have been able to. respond to the enormous trading volume. "It is not the Fed’s job to manage the stock market," says Mr. Kretzmer. But the Fed will keep a close watch on Wall Street. If the market were to shave another 1,500 points off the Dow by the end of September, "then the Fed would think about lowering interest rates," says Mr. Gramley. In his view, the Fed’s main concern will be the impact of a sliding market on consumer confidence. Since 40 percent of the nation has investments in the stock market, any prolonged slide might make individuals feel less wealthy. They would cut back on vacations and "splurge" purchases. He expects the central bank to watch the next consumer confidence surveys and housing statistics closely. [br] What is the Fed’s main concern according to Mr. Gramley?
选项
A、To provide liquidity to the market.
B、To keep a close watch on Wall Street.
C、To observe the influence of a sliding market on consumer confidence and give a timely response.
D、To prevent the stock market from sliding too much.
答案
C
解析
本题为细节判断题。原文的倒数第5行明确指出了In his (Gramley’s)view,the Fed’s main concern will be the impact of a sliding market on consumer confidence…四项选择中只有C与原文陈述的内容相符。
转载请注明原文地址:https://tihaiku.com/zcyy/3266918.html
相关试题推荐
"TheUSeconomyisrapidlydeteriorating,"saysMr.Grannis."Theoddsofare
TherapiddevelopmentofAmericaneconomyaftertheCivilWarwasmainlydueto_
Ifby"suburb"ismeantanurbanmarginthatgrowsmorerapidlythanitalre
Ifby"suburb"ismeantanurbanmarginthatgrowsmorerapidlythanitalre
Ifby"suburb"ismeantanurbanmarginthatgrowsmorerapidlythanitalre
Ifby"suburb"ismeantanurbanmarginthatgrowsmorerapidlythanitalre
Ifby"suburb"ismeantanurbanmarginthatgrowsmorerapidlythanitalre
Asia’sEconomyI.EconomyofChinaII.EconomyofSouth
Asia’sEconomyI.EconomyofChinaII.EconomyofSouth
Asia’sEconomyI.EconomyofChinaII.EconomyofSouth
随机试题
Whatdoyouneedtodoinordertounderstandthelecture?Nowtherearefou
年糕(ChineseNewYearCake)是中国人的传统食品,距今已有两千年的历史。早期被用来祭奠灶神(theKitchenGod),其后渐
Thegreenhouseeffectcausestroublebyraisingthetemperatureoftheplane
某汽车轮毂打磨厂房,地上2层,建筑高度12m,建筑面积5600m2,在防火检查时
桥梁动载试验效率一般采用()。A.0.85 B.0.95 C.1.0
领导者把决策权力交给下级,对下级的工作不闻不问,这种领导方式称作(??)A.民主
A.短气 B.少气 C.夺气 D.喘 E.哮自觉呼吸短促而不相接续,气短
一、根据所给文字资料回答问题。 2006年2月份,居民消费价格总水平比200
下列关于DNA双螺旋结构模型的叙述正确的是 A.由两条完全相同的多核苷酸
(2013年真题)关于阀门的安装要求,正确的说法有()。A.截止阀门安装时应按
最新回复
(
0
)