In an effort to boost economic activity, the Federal Reserve has cut interest rates three times by a cumulative one percent since a housing-related credit crisis rattled global markets in August.

在推进经济活动的努力中，自8月与房地产相关的信贷危机危及到全球市场开始，美联储已经将利息下调了3次，累积降低达1个百分点。

youdao

To put those numbers into perspective, the run-up to the now infamous housing bubble turn credit implosion turn Great Recession saw a string of 36 months of double digit growth for a cumulative increase of 48%.

FORBES: Headline Monetary Aggregates, Where We Are

As readers of the Monetary Watch are aware, the run-up to the housing bubble turn credit implosion turn Great Recession saw a string of 36 months of double digit growth for a cumulative increase of 48%.

FORBES: Monetary Watch June 2011, Inflation prospects post QE II