As leaders gathered last week for the annual Jackson Hole symposium on the economy, they should consider the future of the Federal Reserve as lender of last resort. Over many decades and especially in this financial crisis, the Fed has used its balance sheet to be a classic lender of last resort. But its ability to do so depends upon its economic credibility and political independence, attributes the Fed has compromised in this crisis.
領導人們上週參加一年一度的傑克森霍爾經濟研討會(Jackson Hole Symposium)時，應該考慮一下美聯準(Fed)作爲最後貨款人的未來。在數十年的時間裏，尤其是在此次金融危機中，美聯準一直在用自己的資產負債表，承擔著典型的最後貸款人角色。但它之所以能這做，依靠的是自身的經濟信譽和政治獨立性，但在這場危機中美聯準已經損害了這些特質。
您已閱讀8%（611字），剩餘92%（6907字）包含更多重要資訊，訂閱以繼續探索完整內容，並享受更多專屬服務。