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US Senate OKs Yellen as Fed Chief 美国参议院任命耶伦为美联储主席
WASHINGTON — The U.S. Senate has confirmed Janet Yellen as the new head of the U.S. Federal Reserve, making her the first woman to head the central bank for the world's largest economy. She replaces Ben Bernanke who is leaving the post at the end of the month.
Economists2 are predicting that economics professor and Federal Reserve vice3 chair Janet Yellen will continue many of Ben Bernanke's efforts to boost the economy. Both have called for a gradual end of the central bank’s multibillion-dollar program to keep interest rates low and stimulate4 the economy.
President Obama says Yellen is tough and effective.
“She sounded the alarm early about the housing bubble, about excesses in the financial sector5 and about the risks of a major recession. She doesn’t have a crystal ball, but what she does have is a keen understanding of how markets and the economy work - not just in theory but in the real world," said President Obama.
Yellen has written extensively about the causes and impact of unemployment, and some analysts6 say she may put even more emphasis on creating jobs.
"Too many Americans still cannot find a job and worry how they'll pay their bills and provide for their families," said Yellen.
Unemployment hit 10 percent during the recession, and has now fallen to 7 percent, but that number is still above its historic average.
Economists say Yellen will likely continue Bernanke's policies of holding short-term interest rates close to zero by using the Fed's massive program of buying securities.
The U.S. central bank has been buying $85 billion in securities every month, to pump more money into the economy and make it easier for businesses and individuals to borrow. But economists say that stimulus7 must end eventually, to avoid sparking inflation that could damage the economy.
“I believe that supporting the recovery today is the surest path to returning to a more normal approach to monetary8 policy," said Yellen.
Yellen once headed the Federal Reserve Bank of San Francisco. Former president Bill Clinton named her head of his Council of Economic Advisers9 in 1997. The 67-year-old economist1 is professor emeritus10 of the University of California at Berkeley, where she has been on the faculty11 for decades.
1 economist | |
n.经济学家,经济专家,节俭的人 | |
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2 economists | |
n.经济学家,经济专家( economist的名词复数 ) | |
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3 vice | |
n.坏事;恶习;[pl.]台钳,老虎钳;adj.副的 | |
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4 stimulate | |
vt.刺激,使兴奋;激励,使…振奋 | |
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5 sector | |
n.部门,部分;防御地段,防区;扇形 | |
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6 analysts | |
分析家,化验员( analyst的名词复数 ) | |
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7 stimulus | |
n.刺激,刺激物,促进因素,引起兴奋的事物 | |
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8 monetary | |
adj.货币的,钱的;通货的;金融的;财政的 | |
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9 advisers | |
顾问,劝告者( adviser的名词复数 ); (指导大学新生学科问题等的)指导教授 | |
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10 emeritus | |
adj.名誉退休的 | |
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11 faculty | |
n.才能;学院,系;(学院或系的)全体教学人员 | |
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