如果美联储试图迫使经济加速增长，那么会带来快速通货膨胀。
It could be the case that if the Fed attempted to push the economy to go any faster, accelerating inflation would result.
那么，如果美联储不是这次和过去两次衰退的元凶，那是什么？
So if the Fed did not cause this and the past two recessions, what did?
如果美联储强化了这样的保证，可能会帮助避免长期利率上升。
If the Fed strengthened this reassurance, that could help to keep longer-term interest rates from rising.
如果美联储下周宣布维持政策不变，可能促使美元空头获利了结。
If the Fed announces steady policy next week, it could create a round of profit-taking on short USD positions.
所以，如果美联储今天不那么激进，预计利好包括美元在内的避险资产。
So if the Fed is less aggressive today expect this to be good news for safe havens including the dollar.
问题在于如果美联储拥有伪造货币的权力，它就不可避免的会滥用那种权力。
The problem is that if the Fed has the power to counterfeit, it will inevitably use that power.
如果美联储收手，房价可能再度滑坡，引发更多止赎，银行也会承受更多损失。
If it pulls back, house prices could resume their slide, triggering more foreclosures and losses for Banks.
如果美联储不会坐视不管流动资产，那么我们将在一种十分不同的形势之下。
If the Fed wasn't sitting there following through with liquidity, then we'd be in a very different situation.
如果美联储加息的幅度和速度高于投资者预期，这对于股市来说绝非好消息。
If the Fed ends up raising rates higher and quicker than investors expect that will likely be bad for the stock market.
如果美联储加息决定损害了美国经济增长，这或许会再次让日本央行的希望破灭。
If the Fed's decision to raise rates undermines US growth, this might dash the BoJ's hopes again.
如果美联储打算抬升股价以提振消费信心，逻辑上讲银行就乐见股价高于自然水平。
If the Fed is aiming to boost equity prices so that consumer confidence is bolstered, it logically follows that the bank is happy for share prices to be above their natural level.
但是如果美联储想要再度震惊市场，一个更激进的政策无异于是要去玩弄它的托管方。
But if the Fed wants to surprise the markets again, a more radical idea would be to fiddle with its own mandate.
如果美联储为维护两家公司而担忧，那为了对抗通货膨胀而进行的加息他们能消受吗？
And if the Fed has to worry about safeguarding Fannie and Freddie, can it afford to raise interest rates to combat inflation?
如果美联储将接受这一延伸的宏观审慎监管角色，那么就应该去除其微观审慎监管职责。
If the Fed is to receive this expanded macroprudential role, it should be stripped of its microprudential duties.
如果美联储没有办法能够预计到这些变化，可能会高估增长预期，而造成通货胀膨升高。
If the Fed fails to account for this change, it could try to promote more growth than the economy can sustain, causing inflation to rise.
较低的利率可以增强市场信心，如果美联储与其他国家的中央银行合作，这一效果将翻倍。
Lower interest rates would boost confidence, and that effect would be multiplied if the Fed acted in concert with other central Banks.
如果美联储重新决定购买国债，利率会有所降低，可能导致投资者转而投向派发股息的股市。
If the Fed resumes buying bonds, interest rates could fall even lower, potentially driving investors seeking income to dividend-paying stocks.
如果美联储在接下来的几个星期增加货币流通量以刺激美国经济，中国面临的局势将更加艰难。
The problem could worsen if the U.S. Federal Reserve increases the amount of money in circulation in the coming weeks to stimulate the American economy.
如果美联储在接下来的几个星期增加货币流通量以刺激美国经济，中国面临的局势将更加艰难。
S. Federal Reserve increases the amount of money in circulation in the coming weeks to stimulate the American economy.
如果美联储认为需要对经济提供进一步的扶助，那么购买债券是它可以采取的最有力的行动。
S. government bonds or mortgage-backed securities, the most forceful action the bank could take if it decides the economy needs more help.
如果美联储在2013年将利率提高至4%，如市场所猜测【27】，那么债券将会被疯狂抛售。
If the Fed raises rates to 4% by late 2013, as the consensus expects, bonds will sell off violently.
作为该行的主要监管方，如果美联储认为其管理人士行为不负责的话，它可以让他们卷铺盖走人。
As the bank's primary regulator, the Fed can force out executives if the agency concludes they are behaving irresponsibly. Mr.
如果美联储更进一步，如同有些人所提倡的那样，彻底开始购买非流动性的资产，那情况将完全不同。
If the Fed went further and started to buy illiquid assets outright, as some are advocating, that would be different.
如果美联储太长时间保持过低的利率，那么其他国家央行将不得不也保持低利率，进而产生通胀风险。
S. economy . If the Fed holds its interest rate too low for too long, then central banks in other countries will have to hold rates low too, creating inflation risks.
然而，需要注意如果美联储没有如期发出将要回归量化宽松政策的信号，则市场或会表达对其的失望。
However, we would also note the potential for markets to express disappointment if the Fed does not signal a return to QE, as we expect.
他说，如果美联储的经济刺激政策会推高通胀水平或拉低美元汇率的话，黄金可被用作为一种储值手段。
He said he sees gold as a store of value should the Fed's stimulus policies trigger higher inflation or a weaker dollar.
他说，如果美联储的经济刺激政策会推高通胀水平或拉低美元汇率的话，黄金可被用作为一种储值手段。
He said he sees gold as a store of value should the Fed's stimulus policies trigger higher inflation or a weaker dollar.
应用推荐