In a bid to reboot the economic recovery following a global stock rout, the Federal Reserve is sticking by its old toolbox.
全球股市大跌后，为重振经济复苏，美联储再次祭出了降息大旗。
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China's stock market benchmark, the Shanghai Composite Index, plunged by 7.73 percent Tuesday after the People's Bank of China said it would raise the reserve ratio by one percent this month.
Hence, when the Federal Reserve raised interest rates in 1928 to fight stock market speculation, it inadvertently forced tightening of monetary policy in many other countries as well.