At that time, the Fed had cut the Federal Funds Rate to 1%, we had very low short rates.
当时联储局将联邦基金利率降至1%,短期利率非常低
But when they apply for federal funds for social programs, we expect them to run their programs according to the Constitutional principle.
担当它们申请获得联邦基金施行其社会项目时,我们期望它们根据,宪法的原则推行那些项目。
The Federal Funds Rate was 5.5% and then the whole term structure -all the way--almost all the way.
联邦基金利率是5.5%,整个期限结构图,几乎自始至终...
John? -You know I'm not gonna forecast ... either of those right now. -You are not gonna... I have the Taylor rule on the line with respect to the Federal fund's rate.
约翰呢?,-我现在不会,对这个做任何预测,-你不打算。,网上有泰勒规则啊,根据它能算出联邦基金利率。
When a community seeks federal funds for separate programs like After-school Programs, Sports Programs, homely shelters, those federal funds should be used in accordance with Constitutional principles and federal law.
当一个团体寻求为其各个项目获得联邦基金时,比如课后项目,体育项目,家庭庇护所,那些联邦基金的使用应该符合,宪法的原则和联邦法律。
I've got the Federal Funds Rate--it's the shortest interest rate, an overnight rate--it was at 4% at that time and then there was a sharp drop.
这是联邦基金利率,是最短期的利率,当时的隔夜拆借利率是4%,接下来利率急速下跌
The three-month Treasury bill rate is shown there--it was much lower--it was under 3%.
三个月期国债利率,远低于联邦基金利率,在3%以下
I'm talking about four-week Treasury bills; 2.25% the Federal Funds Rate is still at 2.25% but at least the more prominent three-month T-bill rate is at the end.
我在谈论月国库券;,联邦基金利率仍在%,但是至少显著地,季度国库券利率还在最低端。
The shortest term debt instrument in the United States is the Federal Funds Rate, which is an overnight rate--one day maturity-- and the longest issued by the Government is a thirty-year government bond, which will be repaid three decades in the future.
美国最短期的债券,是联邦基金利率,隔夜拆兑,一天到期,而时间最长的国债,是一种三十年期的政府债券,未来三十年才兑现
I asked you in the final question to just get on a couple of websites, The Federal Reserve and the ICI, which is a mutual industry website, and write a little bit, a couple paragraphs about what this industry is really achieving or how it's trending.
我最后再要求你们,去浏览下一些网站,像联邦储备和美国投资公司协会网站,都是共同基金产业的网站,然后稍微写几段,关于这个产业的成就,或者他们的发展趋势。
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