The other thing to remember is that the Fed takes a "stock" approach to easing, which means it is the size of the balance sheet rather than the pace of purchases that matters.

另外，美联储采取“股法”手段来达到复苏的目的，这意味着关键的问题是资产负债的规模，而不是采购速度。

youdao

This was a radical departure, since the Fed had never seen the stock market as part of its job description.

这是彻底的背离，因为在美联储的工作描述中从来未有股市这一项。

youdao

The willingness of investors to pin their hopes on a rate cut is understandable: after all, that has been the response of the Fed to every financial panic since the stock market crash of 1987.

投资者将其希望压在降息上，这是可以理解的：毕竟自1987年股市崩盘以来，降息已经成为美联储对付金融恐慌的不二法门。

youdao

I wish the Fed had behaved better they didn't seem to recognize the bubbles that we had in the stock market in the '90s and the housing in the 2000s.

从某种意义上说，我希望,政府没有发现出来,九十年代的股票市场泡沫,和新世纪房地产的泡沫。

耶鲁公开课 - 金融市场课程节选

It was also claimed he routinely fed his stock untreated catering waste from local schools and restaurants.

BBC: Farmer kept quiet about disease

In the winter he fed his stock on hay cut and dried on the mountainside, and for a little extra income, he cut timber from the forest and floated it downriver - just as the Krivecs of Perk Farm do today.

BBC: Snowbound Slovenia

Fed apologists claim that high stock market prices justify the Fed's cooling the economy off.

FORBES: Fact And Comment