The Fed put out the fire, but the house still needs rebuilding.
美聯(lián)儲撲滅了大火,但房子仍然需要重建。
In a crisis, the priority is to stop the bleeding.
在危機(jī)中,首要任務(wù)是止血。
The most powerful tool the Fed has is the power of communication.
美聯(lián)儲擁有的最強(qiáng)大工具是溝通的力量。
When you're the central bank, you have to think about the unthinkable.
當(dāng)你成為中央銀行時,你必須考慮那些不可想象的事情。
The Great Moderation was neither great nor a moderation.
Courage in monetary policy is not the absence of fear but the judgment that something else is more important than fear.
貨幣政策中的勇氣不是沒有恐懼,而是判斷有比恐懼更重要的事情。
The first lesson of crisis management is to get ahead of the curve.
危機(jī)管理的第一課是要走在曲線前面。
The central bank needs to be the adult in the room.
中央銀行需要成為房間里那個成熟的大人。
Inflation is a thief in the night.
通貨膨脹是夜間的小偷。