Greenspan listened patiently and quietly to Bernanke’s logic. But Greenspan’s memoirs, to be published later this month, will no doubt strongly defend his famous decisions to bail out financial markets with sharp interest rate cuts in 1987, 1998, and 2001, arguing that the world might have fallen apart otherwise.
格林斯潘对于伯南克的逻辑洗耳恭听。他分别在1987年、1998年和2001年大幅度降低利率拯救金融市场。下个月下旬即将出版的格林斯潘的回忆录将会毫无疑问地为他的著名的救市决定辩护，他说如果不是这样，世界经济就可能崩溃。