(单词翻译:单击)
From < Testing all engines >摘自《经济学人》Feb 2nd 2006
For the time being, America's monetary1 policymakers think that their economy is still running pretty well. (1)This week, as Alan Greenspan handed over the chairmanship of the Federal Reserve to Ben Bernanke, the Fed marked the end of Mr Greenspan's 18-year reign2 by raising interest rates for the 14th consecutive3 meeting, to 4.5%.The central bankers also gave Mr Bernanke more flexibility4 by softening5 their policy statement: they said that further tightening6 “may be needed” rather than “is likely to be needed”, as before.
Most analysts7 expect the Fed to raise rates once or twice more, although the economy slowed sharply in late 2005. Real GDP growth fell to an annual rate of only 1.1% in the fourth quarter, the lowest for three years. (2)Economists were quick to ascribe this disappointing number to special factors, such as Hurricane Katrina and a steep fall in car sales—the consequence of generous incentives9 that had encouraged buyers to bring purchases forward to the third quarter. The consensus10 has it that growth will bounce back to an annual rate of over 4% in the first quarter and stay strong thereafter.
new words
reign n 执政,主权,王朝;v 当政,统治,占优势
The reign of Queen Victoria lasted more than sixty years.
维多利亚女王的统治持续了六十多年。
incentive8 a. 刺激的,鼓励的; n. 刺激,鼓励
He hasn't much incentive to work hard.
他没有努力工作的动力。
≡参考答案:≡
1 monetary | |
adj.货币的,钱的;通货的;金融的;财政的 | |
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2 reign | |
n.统治时期,统治,支配,盛行;v.占优势 | |
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3 consecutive | |
adj.连续的,联贯的,始终一贯的 | |
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4 flexibility | |
n.柔韧性,弹性,(光的)折射性,灵活性 | |
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5 softening | |
变软,软化 | |
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6 tightening | |
上紧,固定,紧密 | |
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7 analysts | |
分析家,化验员( analyst的名词复数 ) | |
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8 incentive | |
n.刺激;动力;鼓励;诱因;动机 | |
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9 incentives | |
激励某人做某事的事物( incentive的名词复数 ); 刺激; 诱因; 动机 | |
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10 consensus | |
n.(意见等的)一致,一致同意,共识 | |
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