In the wake of this failed experiment, even Harrison was forced to acknowledge that reining in the market required policymakers to make lending more expensive for the financial sector as a whole. The Fed then raised its policy rates in the summer of 1929 – and the rest, as they say, is history.
在这场失败的实验中，即使哈里森也被迫承认驯服市场需要决策者提高整个金融部门的贷款利率。接着，美联储在1929年夏天提高了其政策利率，随后的故事大家都知道了。