Temporary spending to pick up economic slack may be useful but the long-term benefits of austerity seem clear.

可以看清楚的是：临时性支出能提振经济低谷，但财政紧缩能带来长远利益。

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With substantial resource slack continuing to restrain cost pressures and longer-term inflation expectations stable, inflation is likely to be subdued for some time.

近几个季度通胀率趋于下行，随着大量的闲置资源令成本价格承压，长期通胀预期维持稳定，通胀率可能在未来一段时间内受限。

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With substantial resource slack continuing to restrain cost pressures and with longer-term inflation expectations stable, inflation is likely to be subdued for some time.

由于诸多资源缺陷所造成对成本压力的束缚，所以长期通货膨胀预期保持稳定，而且通货膨胀将在不久的将来保持在地位。

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Tim Harvey, senior vice president at ETF Securities, said countries like Russia would not be able to pick up the slack should South Africa supply dwindle near term.

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Temporary spending to pick up economic slack may be useful but the long-term benefits of austerity seem clear.

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Though it didn't explicitly mention deflation, the FOMC says that measures of underlying inflation have trended lower in recent quarters and, with substantial resource slack continuing to restrain cost pressures and longer-term inflation expectations stable, inflation is likely to be subdued for some time.

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