Even when they do have the right tools, central Banks have preferred to wait till bubbles have burst, before mopping up afterwards by cutting rates.

尽管央行握有正确的工具，它们还是倾向于等泡沫破灭之后再出手，通过降息来收拾残局。

youdao

Central Banks should act only if bubbles threaten price stability; otherwise, they should wait and clean up after they burst.

各国央行只有在泡沫威胁到价格稳定时才应该行动；否则，它们应该等待泡沫破碎后再收拾残局。

youdao

Life is to wait, waiting for a gust of wind blows over, waiting for a flower bloom, waiting for the dream of the Iraqis to, waiting for the burst of life's forte.

人生是需要等候的，等候一阵风的拂过，等候一朵花的盛开，等候梦中伊人的来到，等候生命爆发的强音。

youdao

In January Mr Greenspan declared himself fully vindicated in his decision not to prick the stockmarket bubble in the late 1990s, but instead to wait for it to burst and then cut rates sharply to cushion the consequences.

ECONOMIST: The American economy

The Federal Reserve's Alan Greenspan has declared himself fully vindicated in his decision not to prick the stockmarket bubble in the late 1990s, but instead to wait for it to burst and then cut rates sharply to cushion the economic consequences.

ECONOMIST: Yesterday's financial architecture needs refurbishing

Instead, he felt that central banks should wait to mop up the mess once the bubble had burst.

ECONOMIST: A must-read on the origins of the crisis