youdao

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

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