But the Fed’s unconventional monetary policies have also created dangerous risks to the financial sector and the economy as a whole. The very low interest rates that now prevail have driven investors to take excessive risks in order to achieve a higher current yield on their portfolios, often to meet return obligations set by pension and insurance contracts.
但美联储的非常规政策也为金融部门和整个经济制造了高危风险。目前的极低利率让投资者承担过多风险追求投资组合的高收益，而这往往是为了实现退休金和保险合同所规定的回报责任。