题目内容
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Greenspan is famous for his syntax, in other words, ______.
A．he is skillful for hiding his opinion
B．he has excellent grammar and vocabulary
C．he always lies to the American public
D．he gives lots of well-known speeches
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更多“Greenspan is famous for his sy…”相关的问题
The author seems to regard Greenspan's manipulation of interest rates with
A．disapproval.
B．doubt.
C．approval.
D．admiration.
According to Greenspan, which of the following is the role of Fed？
A．Control the interest rate.
B．Control the price of houses.
C．Control the price of stocks.
D．Control the exports and imports.
Before Greenspan became an economist, his first interest was in ______.
A．travel
B．music
C．politics
D．education
Why did Greenspan answer the question about weather hesitantly？
A．Because he needed to see clearly what the weather was like.
B．Because he has a habit of being careful with his words.
C．Because he was thinking about something important.
D．Because he didn't know the person who asked him the question.
Within hours after Greenspan's remarks, ______.
A．the indexes of stocks rose
B．people lost confidence
C．the Fed became concerned
D．the economy slowed down
Alan Greenspan: the Most Powerful Guy
With the American's Midterm Elections over, and a new Commander-in-Chief about to step in, some Americans are a little nervous about the nation's future. But others feel secure, knowing that the man they consider the most powerful person in the world isn't going anywhere.
Just who is this behind-the-scenes guy they think has more power than George W. Bush ever will？ He's Alan Greenspan, a 74-year-old expert economist who heads the Federal Reserve, commonly known as the Fed.
Unlike the president, who has to please the voters and compromise with Congress, Greenspan doesn't have to answer to anyone.
But that doesn't mean his job is easy.
Basically, Greenspan is in charge of keeping the nation's economy stable. The economy is sort of like a balloon: blow in too much air, and it pops. But with too little air, it falls to the floor. Greenspan helps decide when to blow more air into the economy. In this case, the air in a balloon is. the amount of money in the economy. Greenspan can make the economy grow by increasing the money supply, or keep the economy from inflating too much by decreasing the money supply. His goal is for the economy to grow and contract gradually. Rapid changes can harm businesses and consumers.
Translating "Greenspan—Speak"
In a speech lately, Greenspan hinted the Fed was concerned the economy might be slowing down too fast. What Greenspan actually said was that the Fed should "remain alert to the possibility that greater caution and weakening asset values in financial markets could signal or precipitate(促成) an excessive softening in household and business spending. "But what investors heard was: "I may lower interest rates which will make it easier for the companies you are investing in to borrow money. That means they'll expand and their stock will be worth more in the future."
Within hours of Greenspan's remarks, so many investors bought stocks that the Dow Jones and the NASDAQ rose by three percent and ten percent that day. The value of some companies went up by millions of dollars, just because investors had confidence in Greenspan's words.
Increasing Influence
But Greenspan doesn't just work magic by talking. He was educated at New York University and Columbia and appointed to his job in 1987 by President Ronald Reagan. And he's credited with steering the country through some difficult times since then, including a serious stock market crash just after he took the job.
Another reason Greenspan has become almost a celebrity in America, is that more people are paying attention to the stock market than ever before. It used to be that only rich people and powerful corporations had the extra money to invest in stocks. But the U.S. economy has done so well in recent years, that more and more ordinary people are investing in stocks.
Who is Greenspan？
He's a native New Yorker. His first focus was music: He attended New York's Julliard School and toured the country for a year in the early 1940s, playing in the Henry Jerome swing band(摇摆乐队). If nothing else, friends believe, this experience of US travel gave him the ability to connect dispassionate(不带感情的) economic theories with the individuals they affect.
"The most outstanding thing about his is he knows the American economy…," says friend Herbert Stein, an economist.
A swing into economics carried him straight into moderate Republican politics. He advised Richard Nixon in his 1968 campaign, and served briefly in the Bureau of the Budget.
Seven years later, he returned to government service, replacing Mr. Stein as chair of the Council of Economic Advisers in the final days of Nixon presidency. He agreed only after being assured that Vice President Ford would keep him.
In that
A．business
B．money
C．the Fed
D．government
What is the best title of the passage？
A．Cooloff of Greenspan
B．Greenspan's Last Speech in Kansas
C．Fed and House Price
D．Greenspan: House Prices Decline
Speaking to the Kansas City Fed's annual economic conference, Greenspan, Federal Re- serve Chairman, reemphasized that the Fed can't now point interest rate policy at stock, housing or other asset prices, even if it were so inclined. Greenspan also said the housing cool-off doesn't have to be painful if the nation preserves its economic flexibility. "The housing boom will inevitably cool down. As part of that process, house-sales volume will decline from currently historic levels, while home-price increases will slow and prices could even decrease," he said.
Earlier, he had warned investors not to assume higher prices for assets such as stocks or houses were permanent, saying gains could disappear if the economy or investor sentiment turned.
Home prices have risen 50% on average over the past five years. The average price of an existing home shot up 13.6% in the second quarter of 2005 compared with a year earlier. There are potential benefits from a housing slowdown. As prices correct and owners can't pull as much equity from their homes, personal savings should rise and the enormous trade deficit should decline. Further, a slowing in the housing market might mean that the Fed, which has been raising interest rates since June 2004 to control potential inflation, might not have to push them as far or fast. A decline in consumer purchases could also slow growth. Consumer spending makes up about two-thirds of the economy.
Lyle Gramley, a former Fed governor now at the Stanford Washington Research Group, does not think Greenspan was predicting a rapid adjustment in housing prices, savings and the trade deficit, but a gradual three-to five-year rear rangement.
Greenspan, who has said the Fed's role is not to stop market bubbles, said that it doesn't have. the expertise to use interest rates to influence asset prices that could change in the future. The speech was probably Greenspan's last to the Kansas City Fed conference. His term ends Jan. 31.
What did Greenspan warn the investors about assets like stocks and houses？
A．He warned them not to wait to buy stocks or houses.
B．He warned them not to think the value of stocks or houses will rise permanently.
C．He warned them that the stocks and houses should be priority.
D．He warned them that the price of stocks and houses would decrease next year.
