The Fed has brought previous recessions to an end by pushing interest rates low enough for long enough.
在上一次与经济衰退的对抗中,美联储通过长时间的降息而笑到最后。
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What is more, Citi's nonguaranteed bond cost 2.19 percentage points more than the 3.31% aggregate interest rate it was paying on all its long-term debt at the end of June.
It is not a technical treatise of scientific exactitude because were I do so, this essay would end up dozens of pages long and I'm sure you have no interest in reading that.