First, higher personal-saving rates and (more optimistically) a lower federal deficit will hold down long-term interest rates and the cost of capital.
首先,较高个人储蓄率和(更乐观来看)较低的联邦赤字有望压低长期利率和资本成本。
In 1942 the Fed agreed to hold down long-term interest rates to help the Treasury finance the war; it did not extract itself from the commitment until 1951.
1942年美联储同意压低长期利率来帮助美国财政部为战争筹资;直到1951年美联储才取消该项承诺。
In other words, the Fed had to hold down interest rates.
换言之,美联储不得不压低利率。
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