VOA标准英语10月-US Central Bank Chief Gives Gloomy Economic Asses

The head of the U.S. central bank says the outlook for America's economic performance has worsened, and that the Federal Reserve may have to reevaluate current interest rates. VOA's Michael Bowman reports from Washington, Fed Chairman Ben Bernanke spoke¹ amid continued swings in world markets, one day after massive sell-offs that saw several exchanges hit multi-year lows.
　

Fed Chairman Ben Bernanke, seen on a television screen on the New York Stock Exchange trading floor, 7 Oct. 2008

Chairman Bernanke says severe upheaval² in America's financial sector³ has further strained an already weak U.S. economy. Addressing a business association in Washington, the Fed chief gave a gloomy assessment⁴ of economic prospects⁵.

"The housing market continues to be a primary source of weakness in the real economy as well as the financial markets," he said. "However the slowdown in economic activity has spread outside the housing sector. Private payrolls⁷ have continued to contract, and the declines in employment, together with earlier increases in food and energy prices, have eroded⁸ the purchasing power of households. Overall, the outlook for economic growth has worsened."

Bernanke did not say the United States has entered a recession or predict that a recession is looming⁹. Rather he said that inflation worries have moderated somewhat and that "the downside risk to growth has increased."

"In light of these developments, the Federal Reserve will need to consider whether the current stance on policy remains¹⁰ appropriate," he said.

The "current stance on policy" is widely viewed by economists¹¹ and Fed-watchers as current U.S. interest rates - an indication that the Fed will at least consider further cuts to stimulate¹² economic growth and promote lending.

Earlier in the day, the Federal Reserve unveiled an aggressive plan to make it easier for American companies to finance short-term needs like payroll⁶ obligations and purchasing supplies.

The initiative follows another major government effort to end a credit crunch¹³ that could further stifle¹⁴ economic growth. Last week, President Bush signed into law a massive financial rescue package that empowers the federal government to buy bad debt from struggling U.S. financial institutions.
　

President Bush speaks about the economy during a visit to Guernsey Office Products Inc., an office products firm in Chantilly, Virginia, 7 Oct. 2008

Speaking outside Washington, Mr. Bush urged patience when it comes to addressing America's financial ills.

"Thawing¹⁵ the freeze in the financial system is not going to happen overnight," he said. "It will be a process that unfolds over several stages, and obviously the first stage began last Friday when I signed the rescue package into law. And so the Treasury¹⁶ Department is moving aggressively to implement¹⁷ the new authorities."

The president said the United States will coordinate¹⁸ its efforts to contain the financial crisis with those of other major industrialized nations, noting an upcoming meeting of G-7 finance ministers later this week in Washington.

Meanwhile, world markets were mixed. One day after sinking to its lowest level in four years, Wall Street's Dow Jones Industrial Average opened higher before retreating to triple-digit losses in afternoon trading. Major European markets were mixed, with London and Paris recording¹⁹ slight gains while shares in Frankfort closed moderately lower.

Earlier, Tokyo's market finished with a three-percent loss.

1 spoke   

n.（车轮的）辐条；轮辐；破坏某人的计划；阻挠某人的行动 v.讲，谈（speak的过去式）；说；演说；从某种观点来说

参考例句：

• They sourced the spoke nuts from our company.他们的轮辐螺帽是从我们公司获得的。
• The spokes of a wheel are the bars that connect the outer ring to the centre.辐条是轮子上连接外圈与中心的条棒。

2 upheaval   

n.胀起，(地壳)的隆起；剧变，动乱

参考例句：

• It was faced with the greatest social upheaval since World War Ⅱ.它面临第二次世界大战以来最大的社会动乱。
• The country has been thrown into an upheaval.这个国家已经陷入动乱之中。

3 sector   

n.部门，部分；防御地段，防区；扇形

参考例句：

• The export sector will aid the economic recovery. 出口产业将促进经济复苏。
• The enemy have attacked the British sector.敌人已进攻英国防区。

4 assessment   

n.评价；评估；对财产的估价，被估定的金额

参考例句：

• This is a very perceptive assessment of the situation.这是一个对该情况的极富洞察力的评价。
• What is your assessment of the situation?你对时局的看法如何？

5 prospects   

n.希望，前途(恒为复数)

参考例句：

• There is a mood of pessimism in the company about future job prospects. 公司中有一种对工作前景悲观的情绪。
• They are less sanguine about the company's long-term prospects. 他们对公司的远景不那么乐观。

6 payroll   

n.工资表，在职人员名单，工薪总额

参考例句：

• His yearly payroll is $1.2 million.他的年薪是120万美元。
• I can't wait to get my payroll check.我真等不及拿到我的工资单了。

7 payrolls   

n.（公司员工的）工资名单( payroll的名词复数 )；（公司的）工资总支出，工薪总额

参考例句：

• Indices of employment, payrolls, and production steadied in February 1931931年2月，就业、工资额和生产指数稳定。 来自辞典例句
• Wall Street responded to the payrolls figures with gusto. 华尔街对就业数据作出了积极的反应。 来自互联网

8 eroded   

adj. 被侵蚀的，有蚀痕的 动词erode的过去式和过去分词形式

参考例句：

• The cliff face has been steadily eroded by the sea. 峭壁表面逐渐被海水侵蚀。
• The stream eroded a channel in the solid rock. 小溪在硬石中侵蚀成一条水道。

9 looming   

n.上现蜃景（光通过低层大气发生异常折射形成的一种海市蜃楼）v.隐约出现，阴森地逼近( loom的现在分词 )；隐约出现，阴森地逼近

参考例句：

• The foothills were looming ahead through the haze. 丘陵地带透过薄雾朦胧地出现在眼前。 来自《简明英汉词典》
• Then they looked up. Looming above them was Mount Proteome. 接着他们往上看，在其上隐约看到的是蛋白质组山。 来自英汉非文学 - 生命科学 - 回顾与展望

10 remains   

n.剩余物，残留物；遗体，遗迹

参考例句：

• He ate the remains of food hungrily.他狼吞虎咽地吃剩余的食物。
• The remains of the meal were fed to the dog.残羹剩饭喂狗了。

11 economists   

n.经济学家，经济专家( economist的名词复数 )

参考例句：

• The sudden rise in share prices has confounded economists. 股价的突然上涨使经济学家大惑不解。
• Foreign bankers and economists cautiously welcomed the minister's initiative. 外国银行家和经济学家对部长的倡议反应谨慎。 来自《简明英汉词典》

12 stimulate   

vt.刺激，使兴奋；激励，使…振奋

参考例句：

• Your encouragement will stimulate me to further efforts.你的鼓励会激发我进一步努力。
• Success will stimulate the people for fresh efforts.成功能鼓舞人们去作新的努力。

13 crunch   

n.关键时刻；艰难局面；v.发出碎裂声

参考例句：

• If it comes to the crunch they'll support us.关键时刻他们是会支持我们的。
• People who crunch nuts at the movies can be very annoying.看电影时嘎吱作声地嚼干果的人会使人十分讨厌。

14 stifle   

vt.使窒息；闷死；扼杀；抑止，阻止

参考例句：

• She tried hard to stifle her laughter.她强忍住笑。
• It was an uninteresting conversation and I had to stifle a yawn.那是一次枯燥无味的交谈，我不得不强忍住自己的呵欠。

15 thawing   

n.熔化，融化v.（气候）解冻( thaw的现在分词 )；（态度、感情等）缓和；（冰、雪及冷冻食物）溶化；软化

参考例句：

• The ice is thawing. 冰在融化。 来自《现代英汉综合大词典》
• It had been snowing and thawing and the streets were sloppy. 天一直在下雪，雪又一直在融化，街上泥泞不堪。 来自英汉文学 - 嘉莉妹妹

16 treasury   

n.宝库；国库，金库；文库

参考例句：

• The Treasury was opposed in principle to the proposals.财政部原则上反对这些提案。
• This book is a treasury of useful information.这本书是有价值的信息宝库。

17 implement   

n.(pl.)工具，器具；vt.实行，实施，执行

参考例句：

• Don't undertake a project unless you can implement it.不要承担一项计划，除非你能完成这项计划。
• The best implement for digging a garden is a spade.在花园里挖土的最好工具是铁锹。

18 coordinate   

adj.同等的，协调的；n.同等者；vt.协作，协调

参考例句：

• You must coordinate what you said with what you did.你必须使你的言行一致。
• Maybe we can coordinate the relation of them.或许我们可以调和他们之间的关系。

19 recording   

n.录音，记录

参考例句：

• How long will the recording of the song take?录下这首歌得花多少时间？
• I want to play you a recording of the rehearsal.我想给你放一下彩排的录像。