People didn't expect that to hold and so people thought, well it's going to still be down at 1% maybe in three months.

命中认为这项政策不会延续下去,利率仅会在未来三个月内维持在1%的低位

耶鲁公开课 - 金融市场课程节选

The discount rate was a policy variable set by the Fed and it was typically fifty basis points below the Federal Funds Rate.

贴现率是一个联邦可改变的政策,并且它比联邦资金利率通常,低五十个基本点。

耶鲁公开课 - 金融市场课程节选

You've got this policy tool of interest rates but once it hits zero you're out of business.

你拥有利率这一政策工具,但是一旦利率达到零点，你便失业了。

耶鲁公开课 - 金融市场课程节选

The other but more commonly used monetary policy is to change the rate is to effectively alter the rate of interest on deposits.

另一种形式，更广泛地被运用着,是货币政策是用来改变比率,有效地调整存款的利率水平。

耶鲁公开课 - 金融市场课程节选

Most recently--A few years ago, we were living in a regime of negative real interest rates, when the Fed was pursuing a very aggressive monetary policy.

就在最近几年之前,我们生活在,负实际利率的政策中,当时美联储追求一种,非常激进的货币政策

耶鲁公开课 - 金融市场课程节选

The thing that really emerged just in the last week or so is that of course monetary policy is about setting of interest rates.

在上周左右出现的现象,当然，货币政策的目的,是为了调整好利率水平。

耶鲁公开课 - 金融市场课程节选

So the interest rate the policy tool in the United the policy interest rate or key rate in the United States is called the Federal Funds Rate.

所以，利率美国的政策工具,美国的政策利率或是主要利率,叫做联邦资金利率。

耶鲁公开课 - 金融市场课程节选