Since the dollar is still the global reserve currency, Fed decisions affect investors all round the world.

因为美元仍是全球储备货币，所以美联储所作的决定会影响全球的投资者。

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This is a capital reserve in the Fed financed by the Treasury selling new debt, but its excess capital is "trapped" and does not immediately reach currency in circulation.

这是一个设在美联储的资本储备，由财政部通过销售新的国债提供资金，但该账户的过剩资本是“受困”的，并不会立即变为流通货币。

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The optimists argue that the Fed through the magic of fractional reserve banking can counter the forces of private sector credit contractions.

乐观主义者表示美联储通过部分储备金的“魔力”扭转了私企信用紧缩的问题。

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One form of monetary policy that the Fed does is they can change these reserve requirements.

美联储制定的一种货币政策形式是,他们可以改变法定准备金率。

耶鲁公开课 - 金融市场课程节选

What they want to do is expand the actions of the Fed, so that they're not--you can describe the Federal Reserve or any central bank, traditionally, as a banker's bank the Bank of England was the first central bank and it made banks keep deposits at the Bank of England.

他们想做的是扩大政府对经济的调控范围，这样政府就能将联邦储蓄,或者其他中央银行变成银行的银行,英国银行是第一个中央银行,他使其他银行将钱存放在它这里。

耶鲁公开课 - 金融市场课程节选

Without drastic inflation, the Fed Reserve will likely stay the course it had laid out and keep interest rates at rock-bottom lows.

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All of these and more has prompted Fed Reserve Chairman Ben Bernanke to vow that he would take some kind of decisive action, as he called it, to protect the economy from recession.

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In 1937, the Fed drastically increased reserve requirements for no obvious reason, thereby producing the second leg of the Great Depression, as well as untold misery.

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