That I think is a real virtue but it can come at the price of demanding short term accountability.
我认为这是个优点,但是可能会,付出短期责任的代价。
The term structure is one of the most interesting things in economics because it shows the price of time at various maturities.
经济学中,期限结构是个有趣的话题,因为它揭示了不同到期期限的时间价值
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
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