It seems that when the Fed is responsible for monetary policy and bank supervision, its performance in both suffers."

VOA: standard.2010.03.17

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。

耶鲁公开课 - 金融市场课程节选

It was something like a central bank but it was different essentially in that the National Banks really didn't have authority to run monetary policy.

它像是个中央银行,但是在本质上不同,因为国家银行真的,没有什么权力运行货币政策。

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 that will be the monetary policy tool.

所以，这将会是货币政策的工具。

耶鲁公开课 - 金融市场课程节选

The idea that emerged the memory of the '81-82 recession is very strong in our imagination because we think that it was caused by lax monetary policy by liberal thinking by the soft-hearted liberals who just didn't want to create any pain and suffering.

出现的观点,在我们的想象中,81-82年的经济衰退很严重,因为我们认为它是由于,松懈的货币政策，不拘一格的思想,那些仁慈的不想制造任何痛苦和疲劳的,自由主义者引发的。

耶鲁公开课 - 金融市场课程节选