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    Zahid AKhoon
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    The number of new houses being built has grown over the last few months. People do not expect Mr Bernanke to raise the interest rate. The job of every Governor of the Federal Reserve is to ensure maximum growth.

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    The number of new houses being built has grown over the last few months. People do not expect Mr Bernanke to raise the interest rate. The job of every Governor of the Federal Reserve is to ensure maximum growth.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    19 views1 page

    Federal Reserve

    Uploaded by

    Zahid AKhoon
    The number of new houses being built has grown over the last few months. People do not expect Mr Bernanke to raise the interest rate. The job of every Governor of the Federal Reserve is to ensure maximum growth.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    LearnEnglishProfessionals

    USFEDERALRESERVE AUDIOSCRIPT

    TheUSFederalReservehowitworks
    ListentothisradioprogrammewherethepresenterisinterviewinganeconomistabouttheUSFederalReserve. Optionallisteningexercise: Decidewhetherthesestatementsaretrueorfalse. (Theanswersareatthebottomofthepage.) 1.AlanGreenspanwasthepreviousGovernoroftheFederalReserve. 2.Greenspantalkedalotinthemedia. 3.BenBernanke'seconomicideasareverydifferentfromthoseheldbyGreenspan. 4.Thenumberofnewhousesbeingbuilthasgrownoverthelastfewmonths. 5.PeopledonotexpectMrBernanketoraisetheinterestrate.

    Radiopresenter:ThebignewswerewaitingfortodayiscomingfromWashington. EconomistsintheU.S.are waitingtohearfromBenBernanke,thenewGovernoroftheFederalReserve,forhisassessmentofthe situationoftheU.S.economy.HereinthestudiowithmeisSallyReecefromBevanandCox,theBritish merchantbank.Sally,doyouthinkMrBernankewillhaveadifferentapproachtothatofAlanGreenspan? Economist:Well,noIdont.ThejobofeveryGovernoroftheFederalReserveistoensuremaximumgrowth withlowinflation. MrBernankewillcertainlyaimtocontinuethesuccessfulpoliciesofMrGreenspan. Radiopresenter:Sonochangeswhatsoever? Economist:Well,obviously,weretalkingabouttwodifferenthumanbeingsheresosomethingswillbedifferent. DuringhistermsofofficeGreenspanacquiredanenormousmediapresence,notbecausehesaidalotbut becausehesaidsolittle.GreenspanscommentsontheU.S.economywereoftendifficulttointerpretbutthey certainlywereenormouslyinfluential.Nowwevegotanewmaninthejobthemarketswillneedsometimeto getusedtohiswayofdoingthings.ButasIsaid,dontexpectanyradicalshiftsinpolicy. Radiopresenter:HowistheU.S.economydoingatthemoment? Economist:Quitewell,allthekeyeconomicindicatorsshowtheeconomyisgrowingwellandtherearenosigns ofinflation.Twokeyindicators,theretailpriceindexandthenumberofhousestarts,havevariedlittleoverthe lasttwomonths Radiopresenter:Somoreofthesame? EconomistYes,Ithinkso.ThemarketsareexpectingMrBernanketokeeptheshortterminterestrateatthe currentlevelwiththePrimeRateat7.5%.OfcoursetheresextrainterestasthisisthefirsttimeMrBernanke willgivetheFedsreport. Radiopresenter:Hesnotverywellknown... Economist:ComparedtoAlanGreenspanno,butrememberwhenGreenspanstartedinthejobhewasntvery wellknowneither...

    Answers: 1T,2F,3F,4F,5T
    www.britishcouncil.org/professionals.htm
    TheBritishCouncil,2006 TheUnitedKingdomsinternationalorganisationforeducationalopportunitiesandculturalrelations. WeareregisteredinEnglandasacharity.

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