In a bid to reboot the economic recovery following a global stock rout, the Federal Reserve is sticking by its old toolbox.

全球股市大跌后，为重振经济复苏，美联储再次祭出了降息大旗。

youdao

China's stock market benchmark, the Shanghai Composite Index, plunged by 7.73 percent Tuesday after the People's Bank of China said it would raise the reserve ratio by one percent this month.

中国人民银行宣布将于本月把银行存款准备金率提高一个百分点后，具有指标性的上海综指星期二暴跌百分之7.7。

youdao

Hence, when the Federal Reserve raised interest rates in 1928 to fight stock market speculation, it inadvertently forced tightening of monetary policy in many other countries as well.

所以，当29年联储局加息以对抗股市的投机行为时，很多其他国家被迫跟随，否则基于资金逐利的原理，不跟随的国家会迅速流失黄金储备。

youdao

Boosted by an incredibly easy Federal Reserve, stock markets managed to hit record highs over the past few weeks.

FORBES: Automakers Hit Their Best Numbers Since The Financial Crisis In March

On the one hand the Federal Reserve wants to boost stock prices to create a wealth effect that boosts the economy.

FORBES: Why You Should Take Profits In Apple, Google And EBay If Obama Wins

Meanwhile the Federal Reserve continues to coax stock prices to lunar levels and when the market moves, Oracle tends to move faster in the same direction.

FORBES: When Good Companies Are Scary Stock Picks