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会计硕士MPAcc备考:英语阅读理解素材(一)

2014-05-16 11:27:48 阅读:(宏博太奇考研

  针对2015年MPAcc会计硕士专业学位的考生,为了更好的提高英语水平,下面太奇教育为大家整理了会计硕士MPAcc考试英语阅读理解经典备考素材,供大家参考。

  The Federal Reserve will not waver from its aggressive policy stance when one of its two bond-buying programs expires at year end, and it is prepared to do even more to get Americans back to work, two Fed officials said on Tuesday.

  The U.S. central bank, which last week launched a potentially massive policy-easing effort with no set end date, will closely watch the ailing labor market for meaningful signs of improvement, the Fed policymakers said.

  In response to lackluster economic growth that has not been enough to drive the unemployment rate down from levels above 8 percent, the Fed headed deeper into uncharted policy territory with a third round of quantitative easing, or QE3.

  William Dudley, president of the New York Federal Reserve Bank, said the economy needed a "nudge in the right direction," while Charles Evans, head of the Chicago Fed, predicted the central bank will keep buying assets at its current $85 billion-per-month pace into the new year.

  "If the economy is weaker, we'll do more" asset purchases, said Dudley, a close ally of Fed Chairman Ben Bernanke and a key barometer of the thinking inside the central bank. "If the economy is stronger and we see a substantial improvement in the outlook for the labor market sooner, we'll end up doing less."

  Dudley, addressing the Morris County Chamber of Commerce in New Jersey, added: "If you're trying to get a car moving that is stuck in the mud, you don't stop pushing the moment the wheels start turning - you keep pushing until the car is rolling and is clearly free."

  Last week the Fed said it plans to buy $40 billion every month in mortgage-backed securities until the labor market outlook improves substantially.

  The purchases come on top of an existing stimulus program in which the central bank buys about $45 billion a month in long-term Treasuries while selling the same amount of short-term Treasuries. That program, dubbed Operation Twist and designed to drive down long-term borrowing rates such as mortgages, runs through the end of 2012.

  Evans, who has long advocated such aggressive action by the Fed, said he would be surprised if there is enough evidence by year-end to halt Treasury purchases altogether.

  "Under those conditions, I would expect we would continue with something like an $85 billion base of purchases ... that's a benchmark to start from," he told reporters after a speech in Ann Arbor, Michigan.

  The Fed in late 2008 slashed interest rates to near zero and has since bought $2.3 trillion in securities in an unprecedented drive to spur growth and revive the economy after the worst recession in decades. Yet the recovery, especially in jobs, has been slow, leading the central bank to say it expects to keep rates at rock bottom at least through mid 2015.

  Wall Street economists have been trying to pinpoint exactly what conditions would constitute a "substantial" improvement in the outlook for the labor market, which the Fed last week suggested would halt the new money-printing program.

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