斯特恩是联邦公开市场委员会(Federal Open Market Committee, FOMC)中拥有投票权的成员。斯特恩此番讲话解释了一个令市场人士和一些决策者烦恼很长时间的问题。
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联邦公开市场委员会的第二种选择是通过沟通缓解其金融状况，例如，通过调整其会后声明。
A second policy option for the FOMC would be to ease financial conditions through its communication, for example, by modifying its post-meeting statement.
值得注意的是，自从2008年12月，联邦公开市场委员会一直将联邦准备金目标利率保持在0到0.25%之间。
Notably, since December 2008, the FOMC has held its target for the federal funds rate in a range of 0 to 25 basis points.
美联储关键政策利率是由联邦公开市场委员会制定的。
The Fed's key policy rate is set by the Federal Open Market Committee.
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