能男华锤降复多夫是 高级商务英语阅读 Fed may make a quick reversal of its stance.Whether this possible reversal would arrest the plunge will be determined by the availability of real savings from the rest of the world. Conclusion The popular view that transparent monetary policies will allow the Fed to tighten its stance without any disruptions is based on erroneous ideas.Regardless of policy transparency once a tighter monetary stance is introduced it sets in motion an economic bust.The severity of the bust is conditioned by the length and magnitude of the previous loose monetary stance and by the state of the pool of real funding. 第8页共8页高级商务英语阅读 Fed may make a quick reversal of its stance. Whether this possible reversal would arrest the plunge will be determined by the availability of real savings from the rest of the world. Conclusion The popular view that transparent monetary policies will allow the Fed to tighten its stance without any disruptions is based on erroneous ideas. Regardless of policy transparency once a tighter monetary stance is introduced it sets in motion an economic bust. The severity of the bust is conditioned by the length and magnitude of the previous loose monetary stance and by the state of the pool of real funding. 第 8 页 共 8 页