He argued that the Fed was basically powerless to return the economy to full employment once rates hit zero, which confused me at the time.

一旦名义利率降为零，美联储就毫无办法将经济带回到充分就业。当时我对这个说法感到困惑。

youdao

The Fed has full recourse to the borrowers capital.

美联储对于贷款方的资金有完全追索权。

youdao

He didn't think the Fed could deliver full employment.

他不认为美联储可以提供充分就业。

youdao

Hall collected a fine hanging kick from McGuire before Paul McShane fed the full-back on the inside.

BBC: Leeds 28-6 Celtic Crusaders

The visitors took an early lead when Fernando Torres fired a fierce drive high into the net after being fed by Reds full-back Martin Kelly.

BBC: Blackpool 2-1 Liverpool

At some point, perhaps mid-2008, the inflationary implications of this full-punch-bowl recovery process will become clear to the Treasury market and the Fed.

FORBES: The Punch Bowl Is Back