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Monetary policy in America 美国的货币政策 Taper tiger 逐渐变弱的老虎 The Federal Reserve surprises everyone bychanging nothing 美国联邦储备委员保持政策不变让人们感到惊奇 SHORTLY after the Federal Reserve hinted in May that it might start to ease its monetarystimulus, rich-country bond yields shot up; emerging-market currencies and stockmarketscratered. 在美联储5月暗示可能会退出货币刺激政策后不久，富裕国家的债券收益率飙升，新兴市场货币和股市出现震荡。 Was it all for nothing? 难道这没有原因吗? On September 18th, at the end of a closely watched meeting, the Federal Open MarketCommittee, the Fed s policy-setting body, chose not to taper. 9月18日，在一个被密切关注的会议结束时，美联储的政策制定机构联邦公开市场委员会没有选择退出。 Instead, it said it would keep buying 85 billion a month of Treasury and mortgage bonds withnewly created money. 相反，表示将用新创造的货币继续每月购买85亿的国债和抵押债券。 Although the Fed had never actually promised to act in September, all the signals pointed inthat direction. | 
