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(单词翻译:双击或拖选)
The Obama administration and a top Republican lawmaker agree U.S. Central Bank Chief Ben Bernanke is likely to be confirmed for another term as the nation's top monetary1 official.
To some in Washington, Federal Reserve Chairman Ben Bernanke is the master economist2 whose aggressive actions and creative solutions prevented complete economic collapse3 in 2008, when major American banks, investment firms, insurance companies, and home mortgage giants were failing at a catastrophic pace. To others, he is the financial industry insider who facilitated reckless corporate4 risk-taking that placed the national and global economy in grave peril5 in the first place.
Days before the expiration6 of a four-year term as Fed chief, Bernanke faces growing opposition7 from Democratic and Republican senators who will vote on his reconfirmation.
Bernanke was originally nominated by former President George W. Bush in 2005. Last year, President Barack Obama backed Bernanke for a second term, and White House Press Secretary Robert Gibbs expressed optimism his tenure8 will be extended. "We believe he [Bernanke] will be confirmed. There is no doubt there is anger and frustration9 in this country about the direction of our economy, and about what has happened with excessive risk-taking by big banks, and the American people having to lend their hard-earned money to bail10 them out. I think now would be a particularly bad time to send a signal to the international community and to our overall financial system by playing politics in any way with this upcoming [reconfirmation] vote," he said.
Gibbs spoke11 on the "Fox News Sunday" television program.
Last week, U.S. markets slid sharply as several prominent senators from both major political parties announced their opposition to Bernanke's reconfirmation. Among those who say they will vote against the Fed chief is Texas Republican John Cornyn, who also appeared on "Fox News Sunday". "I think the Federal Reserve would benefit from a fresh start. I am not saying that Bernanke had not done a good job once the crisis was created. I think he has probably mitigated12 a lot of the harm that could have happened. But I think he should have seen it coming [anticipated the financial crisis]," he said.
In congressional testimony13, Bernanke has placed much of the blame for the 2008 financial meltdown on lax governmental regulation of banks and other entities14 as authorized15 by Congress, rather than the monetary policy he oversaw16.
Will opposition to Bernanke torpedo17 his reconfirmation as Fed chief? On this, Senate Minority Leader Mitch McConnell concurs18 with the White House. "He [Bernanke] is going to have bipartisan support in the Senate, and I would anticipate he will be confirmed," he said.
McConnell, who spoke on NBC's "Meet The Press" program, declined to say how he will vote on Bernanke's reconfirmation.
1 monetary | |
adj.货币的,钱的;通货的;金融的;财政的 | |
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2 economist | |
n.经济学家,经济专家,节俭的人 | |
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3 collapse | |
vi.累倒;昏倒;倒塌;塌陷 | |
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4 corporate | |
adj.共同的,全体的;公司的,企业的 | |
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5 peril | |
n.(严重的)危险;危险的事物 | |
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6 expiration | |
n.终结,期满,呼气,呼出物 | |
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7 opposition | |
n.反对,敌对 | |
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8 tenure | |
n.终身职位;任期;(土地)保有权,保有期 | |
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9 frustration | |
n.挫折,失败,失效,落空 | |
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10 bail | |
v.舀(水),保释;n.保证金,保释,保释人 | |
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11 spoke | |
n.(车轮的)辐条;轮辐;破坏某人的计划;阻挠某人的行动 v.讲,谈(speak的过去式);说;演说;从某种观点来说 | |
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12 mitigated | |
v.减轻,缓和( mitigate的过去式和过去分词 ) | |
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13 testimony | |
n.证词;见证,证明 | |
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14 entities | |
实体对像; 实体,独立存在体,实际存在物( entity的名词复数 ) | |
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15 authorized | |
a.委任的,许可的 | |
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16 oversaw | |
v.监督,监视( oversee的过去式 ) | |
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17 torpedo | |
n.水雷,地雷;v.用鱼雷破坏 | |
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18 concurs | |
同意(concur的第三人称单数形式) | |
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