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(单词翻译:双击或拖选)
Obama Taps Yellen to Replace Fed Chief Bernanke 奥巴马提名珍妮特·耶伦 取代美联储主席伯南克
President Barack Obama has named Federal Reserve Vice1 Chairman Janet Yellen to head the U.S. central bank after Ben Bernanke steps down at the end of January. The US senate still has to confirm Yellen, but analysts2 believe she’s a safe choice to steer3 US monetary4 policy in troubled economic times.
美国总统奥巴马提名美联储副主席珍妮特·耶伦在1月底本?伯南克下台后担任美 国中央银行美联储主席。美国参议院仍需确认耶伦,但分析师相信她是个安全的选 择,来引导我们的货币政策在经济艰难时期。
She’s poised5 to become the first woman to head the U.S. central bank. And with more than a decade at the Federal Reserve, Janet Yellen may be one of the most qualified6 to run it.
President Obama described her as tough and effective.
“She sounded the alarm early about the housing bubble, about excesses in the financial sector7 and about the risks of a major recession. She doesn’t have a crystal ball but what she does have is a keen understanding about how markets and the economy work not just in theory but also in the real world," said President Obama.
The 67-year-old economist8 is being tapped to take the reins9 of the U.S. central bank when Chairman Ben Bernanke steps down in January. She thanked the president for his trust in her and vowed10 to preserve the Federal Reserve’s mandate11.
“If confirmed by the Senate, I pledge to do my utmost to keep that trust and meet the great responsibilities that Congress has entrusted12 to the Federal Reserve, to promote maximum employment, stable prices and a strong and stable financial system," said Yellen.
The president also heaped praise on Bernanke for providing a steady hand - through the worst financial crisis in decades.
“He has truly been a stabilizing13 force not just for our country but for the rest of the world," said Obama.
Under Bernanke’s leadership, the Fed cut short term interest rates to near zero and has kept long term rates at record lows with an $85 billion a month bond buying program.
Financial markets welcomed the Yellen nomination14 as a nod to continuity.
Former central bank official Joseph Gagnon says Yellen is likely to continue Bernanke’s policies.
“I don’t see big changes. I think they’re both rather collegial in terms of encouraging, trying to get consensus15 within a group as much as possible, so I think that will continue," said Gagnon.
Analysts expect an easy confirmation16 by the Democratic controlled Senate with help from moderate Republicans. But given the sharp partisan divide in Congress, economists17 say Yellen’s biggest challenges are yet to come.
1 vice | |
n.坏事;恶习;[pl.]台钳,老虎钳;adj.副的 | |
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2 analysts | |
分析家,化验员( analyst的名词复数 ) | |
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3 steer | |
vt.驾驶,为…操舵;引导;vi.驾驶 | |
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4 monetary | |
adj.货币的,钱的;通货的;金融的;财政的 | |
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5 poised | |
a.摆好姿势不动的 | |
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6 qualified | |
adj.合格的,有资格的,胜任的,有限制的 | |
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7 sector | |
n.部门,部分;防御地段,防区;扇形 | |
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8 economist | |
n.经济学家,经济专家,节俭的人 | |
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9 reins | |
感情,激情; 缰( rein的名词复数 ); 控制手段; 掌管; (成人带着幼儿走路以防其走失时用的)保护带 | |
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10 vowed | |
起誓,发誓(vow的过去式与过去分词形式) | |
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11 mandate | |
n.托管地;命令,指示 | |
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12 entrusted | |
v.委托,托付( entrust的过去式和过去分词 ) | |
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13 stabilizing | |
n.稳定化处理[退火]v.(使)稳定, (使)稳固( stabilize的现在分词 ) | |
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14 nomination | |
n.提名,任命,提名权 | |
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15 consensus | |
n.(意见等的)一致,一致同意,共识 | |
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16 confirmation | |
n.证实,确认,批准 | |
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17 economists | |
n.经济学家,经济专家( economist的名词复数 ) | |
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