英语听力精选进阶版 14340

Fed scales back stimulus¹ effort

Summary

20 December 2013

The US central bank, the Federal Reserve, says it will next month begin scaling back a key strategy to stimulate² the economy because of a stronger jobs market. The Fed said that from January it would reduce its spending on US government bonds by $10bn a month.

Reporter:

Mark Gregory

Report

The Federal Reserve has been pumping money into the US economy by buying $85bn of bonds each month. From January, it will cut the figure to $75bn. And it has signalled that it will further reduce the scale of its bond buying if the economy continues to improve. 

It's a small but highly significant step towards unwinding the extraordinary measures put in place to support the economy through six years of deep crisis. 

The decision follows a run of data pointing to sustained if weak recovery and - the key factor - an improving jobs market. 

But the Fed hasn't entirely³ kicked away the monetary⁴ props⁵. It plans to keep short term lending rates at near 0% until it sees at least another 0.5% drop in the unemployment rate. 

Investors⁶ responded by sending share prices higher. There was relief at the end to uncertainty⁷ over when the Fed, as has seemed inevitable⁸ for months, would start tapering⁹ off its monetary life support.

1 stimulus   

n.刺激，刺激物，促进因素，引起兴奋的事物

参考例句：

• Regard each failure as a stimulus to further efforts.把每次失利看成对进一步努力的激励。
• Light is a stimulus to growth in plants.光是促进植物生长的一个因素。

2 stimulate   

vt.刺激，使兴奋；激励，使…振奋

参考例句：

• 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。

3 entirely   

ad.全部地，完整地；完全地，彻底地

参考例句：

• The fire was entirely caused by their neglect of duty. 那场火灾完全是由于他们失职而引起的。
• His life was entirely given up to the educational work. 他的一生统统献给了教育工作。

4 monetary   

adj.货币的，钱的；通货的；金融的；财政的

参考例句：

• The monetary system of some countries used to be based on gold.过去有些国家的货币制度是金本位制的。
• Education in the wilderness is not a matter of monetary means.荒凉地区的教育不是钱财问题。

5 props   

小道具； 支柱( prop的名词复数 )； 支持者； 道具； （橄榄球中的）支柱前锋

参考例句：

• Rescuers used props to stop the roof of the tunnel collapsing. 救援人员用支柱防止隧道顶塌陷。
• The government props up the prices of farm products to support farmers' incomes. 政府保持农产品价格不变以保障农民们的收入。

6 investors   

n.投资者，出资者( investor的名词复数 )

参考例句：

• a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
• a cash bonanza for investors 投资者的赚钱机会

7 uncertainty   

n.易变，靠不住，不确知，不确定的事物

参考例句：

• Her comments will add to the uncertainty of the situation.她的批评将会使局势更加不稳定。
• After six weeks of uncertainty,the strain was beginning to take its toll.6个星期的忐忑不安后，压力开始产生影响了。

8 inevitable   

adj.不可避免的，必然发生的

参考例句：

• Mary was wearing her inevitable large hat.玛丽戴着她总是戴的那顶大帽子。
• The defeat had inevitable consequences for British policy.战败对英国政策不可避免地产生了影响。

9 tapering   

adj.尖端细的

参考例句：

• Interest in the scandal seems to be tapering off. 人们对那件丑闻的兴趣似乎越来越小了。
• Nonproductive expenditures keep tapering down. 非生产性开支一直在下降。