There's something about Los Angeles that's different from Milwaukee and that is that in Los Angeles there's just a history of volatile markets.

洛杉矶与密尔沃基,在某件事上是有差别的,那就是在洛杉矶,不稳定的市场行情已有一段历史了

耶鲁公开课 - 金融市场课程节选

What Paulson wants to do is make that official that the Fed is no longer just a central bank; it's a market stability regulator.

鲍尔森想做的就是使各级政府,以及联邦政府不再单单是个中央银行;,而是市场稳定的监控者。

耶鲁公开课 - 金融市场课程节选

If they are our market stability regulator, you'd hope that they could do a better job.

如果政府成为了市场稳定性的监管者，我们希望他能做得更好。

耶鲁公开课 - 金融市场课程节选

The thing I stressed in my column was the market stability regulator, which is the Fed.

我在我专栏中强调的是,市场稳定性调控者，也就是联邦政府。

耶鲁公开课 - 金融市场课程节选

The market stability is going to be the Fed, the Fed's role would be broadened so that it's not just a banking regulator, it's the whole financial system.

市场的稳定将成为联邦政府的工作，政府的职责将会扩大,那么政府将不再仅仅是银行业的调控者，而变成了整个金融系统的调控者。

耶鲁公开课 - 金融市场课程节选

Part of the reason why I'm endorsing this market stability regulator is that there's no way we can set up a system that is both very effective in allocating resources and that is also very stable.

我赞成市场稳定性监控者,的部分原因是,没有方法建立一个,既能完全有效配置资源有非常稳定,的系统。

耶鲁公开课 - 金融市场课程节选