However, the staff research suggests the Fed should maintain unconventional policies that provide stimulus roughly equivalent to an interest rate of minus 5 per cent.

然而，工作人员的研究表明，美联储应该保持非常规的政策，制定出一个刺激大致相当于- 5 %的利率政策。

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The equivalent stimulus could have been achieved at a much lower budgetary cost, both near and long term, by focusing tax cuts on lower-income households who are more likely to spend their gains.

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It seems certain that the Federal Reserve will continue to accompany fiscal stimulus with the monetary equivalent in the form of near-zero interest rates and further quantitative easing.

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Her candidacy would have been the equivalent of a comedic stimulus package.

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