The Fed only runs a risk of being left holding ropy assets if one of its counterparties goes bust.
美联储仅有的风险是，当它的某个借款者破产时，它还得持有着那些次级的资产。
If the plan fails to pass, the Fed could conceivably create one itself for mortgage assets, argues Michael Feroli, economist at JPMorgan Chase.
摩根大通的经济学家MichaelFeroli评论说，如果救市计划没有被通过，联储可以令人信服地为抵押资产创造一个。
If Mr Mishkin believes the Fed should anticipate the economic consequences of a deflating bubble, why should it not anticipate the consequences of an inflating one?
如果米什金先生相信美联储可以预计泡沫破裂带来的经济后果，为什么就不能预计泡沫膨胀带来的后果呢？
But there is one question that is rarely asked: even if a downturn is in the offing, should the Fed try to prevent it?
但是肯定没有人提出，就算衰退来临，联储该不该阻止？
The programs, one of which was set to expire in September, can continue only if the Fed issues a finding that there are "unusual and exigent circumstances" that justify them.
这些计划只在美联储觉察并证明市场处于“罕见和紧迫情况”时才能得以继续，其中一个计划将于9月份到期。
If the Federal Reserve USES hawkish language to describe the threat of inflation, one could reasonably expect stronger actions from the Fed.
倘若美联储采用偏鹰派的措辞来描述通胀带来的威胁，人们则有理由相信联储的后续动作将偏向强硬。
If the Federal Reserve USES hawkish language to describe the threat of inflation, one could reasonably expect stronger actions from the Fed.
倘若美联储采用偏鹰派的措辞来描述通胀带来的威胁，人们则有理由相信联储的后续动作将偏向强硬。
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