Last but not least, unexpected financial problems – which lower oil prices could catalyze – would interrupt US growth and discourage the Fed from tightening. After China and Japan, oil-exporting countries, including Russia, are the largest holders of US Treasury securities.
第三，意料外金融问题——下跌的油价也许将成为催化剂——将干扰美国经济增长、让美联储不愿开始紧缩。石油出口国（包括俄罗斯）是继中国和日本之后的美国国债最大持有者。如果石油收入继续下降，它们也许将被迫出售所持美国国债，用美元干预外汇市场支持本币或拯救陷入麻烦的银行——如12月被政府拯救的中型机构俄罗斯信托银行（Trust Bank）。