On that basis Mr White thinks the Fed was right to pursue the first round of quantitative easing, since nominal GDP was falling, but wrong to pursue a second round with activity recovering.

有基于此，怀特认为联储在名义GDP下跌时实行第一轮量化宽松是正确的，但当金融活动开始复苏后开始第二轮量化宽松就是错误的了。

youdao

On that basis Mr White thinks the Fed was right to pursue the first round of quantitative easing, since nominal GDP was falling, but wrong to pursue a second round with activity recovering.

有基于此，怀特认为联储在名义GDP下跌时实行第一轮量化宽松是正确的，但当金融活动开始复苏后开始第二轮量化宽松就是错误的了。

youdao