Janet Yellen leads the board of governors of the Federal Reserve System-英语听力

[00:00.100]From VOA Learning English, [00:02.090]this is the Economics Report. [00:05.340]The face of America's central bank has changed. [00:09.240]The Senate has confirmed Janet Yellen [00:12.950]to lead the board of governors of [00:15.400]the Federal Reserve System. [00:17.310]She will be the first woman [00:19.800]to lead the nation's central bank [00:22.070]in its 100-year history. [00:24.770]Ms Yellen will replace Ben Bernanke. [00:28.470]Mr Bernanke is widely phrased for his decisions [00:32.630]that strengthen the economy [00:34.620]during the worldwide financial crisis. [00:37.730]He served two 4-year terms [00:41.030]as the chairman of the Federal Reserve. [00:44.000]President Barack Obama nominated Janet Yellen in October. [00:49.110]He said then she would be a fierce champion [00:53.230]for the American people. [00:55.040]The president also said that Janet Yellen understands [01:00.100]that the goal of financial policy is to improve [01:04.020]the lives and jobs of workers and their families. [01:07.970]Ms Yellen severed as vice chair of the Federal Reserve [01:13.230]during Ben Bernanke's second term. [01:16.150]Economists are predicting that as chairwoman, [01:20.640]Janet Yellen will continue many of Ben Bernanke's policies. [01:25.210]Both she and Mr Bernanke have called [01:29.320]for a measured reduction in the Federal Reserve's efforts [01:33.370]to keep interest rates low. [01:36.020]The central bank has bought 85 billion dollars [01:41.230]in securities to push money into the economy. [01:44.970]During confirmation hearings, [01:48.090]Democratic Senator Sherrod Brown phrased Ms Yellen's ability [01:52.890]to identify problems in the financial system. [01:56.800]"In today's complex financial system, [01:59.550]it's more important than ever [02:00.850]that we have strong regulators like Governor Yellen, [02:03.610]who can recognize emerging threats to economic stability, [02:07.270]and who isn't afraid to act when they find abuses [02:12.080]that put American consumers and workers at risk," said Brown. [02:15.590]But some Senators have criticized Ms Yellen's [02:19.950]support of programs to increase money in the economy. [02:25.880]Critics say, these programs cause inflation. [02:31.450]Republican Senator Chuck Grassley said [02:36.110]so called "easy money" policies are bad for the country. [02:40.960]"We need a chairman focused on a strong dollar and low inflation. [02:46.670]Historical evidence suggests that failing to rein [02:50.030]in 'easy money' policies risks fueling [02:52.170]an economic bubble and even hyper-inflation," said Grassley. [02:57.790]Ms Yellen has repeatedly expressed concern [03:01.940]over labor issues, including unemployment. [03:06.010]The rate of unemployment has fallen only to 7 percent [03:12.220]since the end of the recession, [03:14.770]that is well above historical averages. [03:18.770]Economists are predicting that Janet Yellen [03:23.040]will continue many of the policies begun by Ben Bernanke. [03:28.930]Those policies including keep the central bank's [03:33.490]short term interest rates close to zero. [03:37.600]And that is the Learning English Economics Report.