He argued that the Fed was basically powerless to return the economy to full employment once rates hit zero, which confused me at the time.

一旦名义利率降为零，美联储就毫无办法将经济带回到充分就业。当时我对这个说法感到困惑。

youdao

He argued that the Fed was basically powerless to return the economy to full employment once rates hit zero, which confused me at the time.

一旦名义利率降为零，美联储就毫无办法将经济带回到充分就业。当时我对这个说法感到困惑。

youdao