CNN 2011-09-30
时间：2018-12-02 作者：英语课 分类：CNN2011年(九)月
The economy leaves off today's headlines.Some financial experts think US economy isn't growing fast enough and it's not growing fast at all.And that news is not going over well with investors.Stock market is one thing people look at to see how the economy is doing.And the Dow Jones Industrial Average,collection of 30 major stocks,is used to determined how the whole marker is doing.The answer of yesterday not good.The Dow dropped nearly 400 points.And the worst pointer in a day was down more than 500 points.One thing to see the spoon investors trigger this drop was action taken by the federal reserve.Have read a lot about Fed.Who are they?And what do they do?
CNN.com monetary PM gives us some answers.
Thanks,Carl.
The Federal Reserve is the nation's central bank and its main job is to try and keep the economy floated by doing two central things. One,it tries to make sure that the inflation doesn't get out of control so that you don't have to be paying a lot for thing like gas and food and what it's also trying to do is to make sure that there are in most men of people working as possible, as it's wants to try to keep the unemployment is low.How the federal reserve does this is the monetary interests rate.That's a key interest rate that it can raised or lower.It's very important because it helps to detect how much consumers pay for things like students' loans,mortgages or credit cards.The problem the FED has for years is that it's lowered this key rate to zero,pretty much to zero.
In December,2008 it was the financial crisis a few years ago.So it has to try a bunch of other kind of creative things to get rates even lower than where they are now.A lot of people think that the FED is grasping its chaos.They don't have much left they can actually do help the economy because the rate is already low.It's not the people complaining about their high rate on their mortgages or they can't get that much lower and a lot of people in the financial markets,they feel that the FED just can't really do much to help the job marker this point.
Just facts.
Capital punishment means to be pushed to death for a crime.It's also known as the death penalty.Capital punishment has been carried out for centuries and in US prison since 1800.The US Supreme Court suspended the death penalty in 1970. And restated it four years later.Today,capital punishment is legal in 34 US states.