It's contracting so the Fed is trying to prevent a serious recession by cutting interest rates; they've been cutting them rapidly.

它在减小,所以美联储正在试图阻止一个因为利率缩减,而产生的严重的经济衰退；,但是他们最近一直在降低利率。

耶鲁公开课 - 金融市场课程节选

Once interest rates hit zero you can't cut them anymore and that's what the Fed wants to do.

一旦利率下跌至零,你就再也不能减少它们,而且这正是联邦试图做的事情。

耶鲁公开课 - 金融市场课程节选

For four days, the three of them fed on the body and blood of the cabin boy.

整整四天，他们三个,靠派克的尸体和血液为食。

耶鲁公开课 - 公正课程节选

The Fed has these auctions but it auctions them off at what price the public will pay, so the Fed doesn't determine the term structure.

联储局公开拍卖债券,但只有当公众愿意以特定价格支付时,这些债券才能成交,所以联储局不能决定期限结构

耶鲁公开课 - 金融市场课程节选

They can't sell them to get money so the Fed is saying fine we'll just take those and we'll give you Treasury bills which are completely everyone trusts them.

他们不能够卖掉资产来获取金钱,所以美联储说，好吧，我们拿走你的资产,给你完整的国库券,每个人都相信他们。

耶鲁公开课 - 金融市场课程节选