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(单词翻译:双击或拖选)
U.S. President Barack Obama has announced he plans to appoint the chairman of the nation's central bank, the Federal Reserve, to a second term. The president says Fed chief Ben Bernanke has helped to prevent a deeper recession or a depression.
President Barack Obama looks on as Federal Reserve Board Chairman Ben Bernanke speaks in Oak Bluffs1, Mass., 25 Aug. 2009
President Barack Obama says he is reappointing Ben Bernanke, who has led the U.S. economy through one of the worst financial crises the country has ever faced.
"Ben approached a financial system on the verge2 of collapse3 with calm and wisdom; with bold action and outside-the-box thinking that has helped put the brakes on our economic free fall," Mr. Obama said.
Mr. Obama made the announcement at a school on the island of Martha's Vineyard, Massachusetts, where he and his family are spending the week on vacation.
Bernanke has been praised for taking aggressive action to prevent an economic catastrophe4 after last year's widespread problems in the financial industry. The president said almost none of the decisions the Federal Reserve chairman has made has been easy.
"They have faced plenty of critics, some of whom argued that we should stay the course or do nothing at all," Mr. Obama said. "But taken together, this bold, persistent5 experimentation6 has brought our economy back from the brink7. They are steps that are working."
Bernanke says the Federal Reserve and other economic policy makers8 have been challenged by unprecedented9 events in the past few years, but his objective has not changed.
"To restore a more stable financial and economic environment, in which opportunity can again flourish and in which Americans' hard work and creativity can receive their proper rewards," Bernanke said.
Bernanke's strategy to boost the economy includes unconventional lending programs, to unlock credit and stabilize10 the financial markets.
The 55-year-old Bernanke was appointed Fed chairman by Republican President George W. Bush, and took office in February, 2006.
Bernanke's reappointment will require Senate approval, and Democrats11 and Republicans on Capitol Hill have praised his performance.
Democratic Senator Christopher Dodd, who leads the Senate Banking12 Committee, generally supports giving Bernanke another four years, although the two have had disagreements and Dodd is promising13 a thorough reappointment hearing.
1 bluffs | |
恐吓( bluff的名词复数 ); 悬崖; 峭壁 | |
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2 verge | |
n.边,边缘;v.接近,濒临 | |
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3 collapse | |
vi.累倒;昏倒;倒塌;塌陷 | |
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4 catastrophe | |
n.大灾难,大祸 | |
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5 persistent | |
adj.坚持不懈的,执意的;持续的 | |
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6 experimentation | |
n.实验,试验,实验法 | |
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7 brink | |
n.(悬崖、河流等的)边缘,边沿 | |
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8 makers | |
n.制造者,制造商(maker的复数形式) | |
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9 unprecedented | |
adj.无前例的,新奇的 | |
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10 stabilize | |
vt.(使)稳定,使稳固,使稳定平衡;vi.稳定 | |
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11 democrats | |
n.民主主义者,民主人士( democrat的名词复数 ) | |
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12 banking | |
n.银行业,银行学,金融业 | |
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13 promising | |
adj.有希望的,有前途的 | |
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