求专业英语翻译,有关国际金融内容
前面半句到没错,后面就不一样了。:D
InordertoboostthesluggishU.S.economy,TheU.S.FederalReserve(FED)implementedthelowinterestratepolicyafterthe9/11(nine-eleven)incident.Itisinfactanextremelylenientmonetarypolicy.BeginningSeptemberof2001(twothousandandone),FEDdroppedtheinterestrateseveraltimes,bringingtheannualinterestrateforfederalfundsfrom3.5%(threepointfivepercent)beforethe9/11incidentdownto1%(onepercent)onJuneof2003(twothousandandthree),andkeptthatlowrateforanotheryear.Thispolicycausedahighleverageratio,theU.S.sawinflation,andundersuchalenientmonetarypolicy,therealestatebubblewasinflated,andcorrespondingrealestaterelatedfinancialderivativesalsoinflatedlimitlessly.Intheend,whenthebubbleburst,itcausedthe2008internationalfinancialcrisis.
DuetoaU.S.dollarbasedinternationalmonetarysystem,FEDislikeaninternationalcentralbank.Thus,itspolicieshavesignificantglobaleffects.ThelasttimeFEDimplementedalowinterestpolicyitcausedaninternationalfinancialcrisis.Thistime,FEDonceagainmaintainsasuperlowinterestratepolicy.Thehugebubbleisalreadybrooding.Ifthesuperlowinterestratepolicityismaintainedanylonger,itcouldcauseanevendeeperfinancialcrisisthanthatof2008,andtheresultsareunimaginable.
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