The discount rate was a policy variable set by the Fed and it was typically fifty basis points below the Federal Funds Rate.

贴现率是一个联邦可改变的政策,并且它比联邦资金利率通常,低五十个基本点。

耶鲁公开课 - 金融市场课程节选

Well it could go twenty basis points lower but interest rates can never be negative.

呃，它可以再跌二十个基本点,但是利率永远不能是负值。

耶鲁公开课 - 金融市场课程节选

I want to talk about a couple of other basic concepts in economics of interest rates.

接下来要讲其它几个经济学中,与利率有关的基本概念

耶鲁公开课 - 金融市场课程节选

The primary discount rate is typically a hundred basis points above the Funds Rate.

一级贴现率通常,在联邦资金利率一百个基本点之上。

耶鲁公开课 - 金融市场课程节选

They were worried that if the discount rate is fifty basis points below the Federal Funds Rate then it's going to hit zero and that would be embarrassing; so they moved it.

他们担忧的是,如果贴现率比,联邦资金利率低五十个基本点,那么它将会接近零点,并且那将会很尴尬；所以他们改变了它。

耶鲁公开课 - 金融市场课程节选