China grew at a blistering pace of 10.7 percent in the final quarter of 2009, but the government has since placed curbs on lending to reduce inflation and cool down an overheated economy.

VOA: standard.2010.01.21

So since 1933 the Fed has been managing inflation.

所以，自从1933年，美联储一直在管理通货膨胀。

耶鲁公开课 - 金融市场课程节选

Inflation is the most important thing according to many views because the Fed has to guarantee the soundness of the money supply -- and there have been so many cases in history when the central bank allowed debasement of the currency through inflation.

通货膨胀是最重要的事情,根据很多观点,因为美联储必须保证,货币供应的稳固,并且在历史上有太多的例子,当中央银行允许,通过通货膨胀改造货币。

耶鲁公开课 - 金融市场课程节选