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有鉴于货币政策在20世纪末期美国式新经济高速发展中的骄人表现,人们向权倾一时的美国联邦储备委员会及其在资本市场上威望崇高的货币政策,提出了防范和适时消除资本泡沫的要求,并且一度质疑,美联储在运用金融宏观调控手段维持和支撑经济快速发展的同时,在控制资本泡沫方面是否有所失职。迫于舆论压力,美联储主席格林斯潘先生曾经不得不出面加以解释,指明和确认了货币政策在微观经济和股市泡沫控制方面的局限性。
In view of the remarkable performance of monetary policy in the rapid development of the new American economy at the end of the 20th century, the temptation of the Federal Reserve and its prestigious monetary policy in the capital market have been put forward to prevent and promptly eliminate the capital bubble And once questioned whether the Federal Reserve failed to control the capital bubble while maintaining and supporting the rapid economic development by using financial macro-control measures. Under pressure from public opinion, the Federal Reserve Chairman Mr. Greenspan had to explain it in advance and pointed out and confirmed the limitations of monetary policy in the control of the micro-economy and the stock market bubble.