I think the only way we can stand for our values is to have a policy consistent with those values.
我认为我们唯一能坚持我们价值观的方法是,制定一套与这些价值观相统一的政策。
But I started the adjustment when I started working work for Governor Bush in early 1999 as policy director.
但我一开始为布什工作,就开始调整了,那是在1999年初,我是政策司长。
It's a new form of monetary policya new invention which we've been doing only for a matter of months now.
这是一种新的货币政策形式一个新的发明,我们刚刚采用了几个月而已。
This was the compassionate part of the compassionate conservatism.
但是小布什的这一政策是同情心,保守党表现同情心的标志啊。
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。
One form of monetary policy that the Fed does is they can change these reserve requirements.
美联储制定的一种货币政策形式是,他们可以改变法定准备金率。
And...so those issues added up is a democratic context which you can't be certain of what the policies will be, so all of these make it sort of somewhat trickier than a place like China.
所以,所有因素加起来,就造成了投资者的困惑,你无法确定,下一秒会出台什么政策,这就使得在印度投资比在中国,这样的国家来说棘手多了。
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。
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
This is an effort this is different from most monetary policy.
这是一种努力这与,很多货币政策都不同。
The following lecture is about monetary policy.
接下来的一节课的内容是货币政策
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