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US Central Bank May Cut Economic Stimulus1 美央行可能减少经济刺激措施
Investors2 are watching nervously3 as the U.S. central bank considers when to reduce its efforts to stimulate4 the economy. Many economists5 predict that the cuts will come sometime next year, while others say it might be as soon as next Wednesday.
投资者紧张地关注着美国中央银行认为当减少其刺激经济的努力。许多经济学家预测,裁员将在明年的某个时候,而另一些人则认为可能最快下个星期三。
Stock prices plunged6 earlier this year when the U.S. central bank said it might gradually reduce stimulus efforts.
Federal Reserve Board Chairman Ben Bernanke said a strengthening economy would, eventually, no longer needed the boost it got from a huge program of bond purchases.
"If the incoming data support the view that the economy can sustain a reasonable cruising speed, we will ease the pressure on the accelerator by gradually reducing the pace of purchases," he said.
The National Association for Business Economics said its economists saw growth improving this year, rising to a three percent annual rate next year.
The group's survey of its members said stronger growth meant less need for stimulus this year, and made cuts nearly certain next year.
National Defense7 University Professor Nayantara Hensel designed the survey. “The bulk of our panelists think there is an 80 percent probability that the Fed is going to taper8 off in 2014,” she said.
The Fed has been trying to boost economic growth since the recession sharply increased unemployment.
First, it cut short-term interest rates to nearly zero and pledged to keep them ultra-low until unemployment falls to 6.5 percent or lower.
Then it created a second program to cut long-term interest rates, making it easier for families to borrow money for new homes and easier for businesses to raise capital for new equipment.
Under the program, the Fed is buying $85 billion in securities each month. So cutting that stimulus would reduce those purchases.
Hensel said not all the data supported a cutback. “We are seeing sort of some economic growth, but not as sudden and as significant as one might expect,” she said.
And a survey of the American Institute of Certified9 Public Accountants showed some members were worried that renewed wrangling10 over taxes and government spending in Congress could discourage investments needed for growth.
Gary Lubin, CEO of Centerphase Solutions, helped organize the survey and spoke11 to VOA via Skype.
“The debt ceiling, sequestration, issues around patent protection and some international business practices - all really create a certain level of uncertainty12 which leads to some apprehension13 or some holding back of items, for example capital spending,” he said.
Top officials of the U.S. Federal Reserve are scheduled to meet next Tuesday and Wednesday for debate on economic policy. On Wednesday, Bernanke is scheduled to meet with journalists to explain the changes - if any - in the bank’s strategy.
1 stimulus | |
n.刺激,刺激物,促进因素,引起兴奋的事物 | |
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2 investors | |
n.投资者,出资者( investor的名词复数 ) | |
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3 nervously | |
adv.神情激动地,不安地 | |
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4 stimulate | |
vt.刺激,使兴奋;激励,使…振奋 | |
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5 economists | |
n.经济学家,经济专家( economist的名词复数 ) | |
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6 plunged | |
v.颠簸( plunge的过去式和过去分词 );暴跌;骤降;突降 | |
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7 defense | |
n.防御,保卫;[pl.]防务工事;辩护,答辩 | |
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8 taper | |
n.小蜡烛,尖细,渐弱;adj.尖细的;v.逐渐变小 | |
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9 certified | |
a.经证明合格的;具有证明文件的 | |
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10 wrangling | |
v.争吵,争论,口角( wrangle的现在分词 ) | |
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11 spoke | |
n.(车轮的)辐条;轮辐;破坏某人的计划;阻挠某人的行动 v.讲,谈(speak的过去式);说;演说;从某种观点来说 | |
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12 uncertainty | |
n.易变,靠不住,不确知,不确定的事物 | |
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13 apprehension | |
n.理解,领悟;逮捕,拘捕;忧虑 | |
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