New Leader at the Federal Reserve

聯儲局新領導人


Introduction

Kevin Warsh is the new leader of the Federal Reserve. He wants to stop prices from rising too fast.

Kevin Warsh 是聯儲局的新領導人。他希望阻止物價過快上漲。

Main Body

President Trump wants low interest rates. But Kevin Warsh and his team want to keep rates high. They do this because prices for energy and oil are going up.

川普總統想要低利率。但 Kevin Warsh 和他的團隊希望維持高利率。他們這樣做是因為能源和石油的價格正在上漲。

Warsh is changing how the bank works. He made five new groups to study the bank's rules. He also wants to pick a new president for the bank in Atlanta.

Warsh 正在改變銀行的運作方式。他成立了五個新小組來研究銀行的規則。他也想為亞特蘭大分行挑選一位新行長。

Some people think Warsh has a plan. He waits for oil prices to go down. Then he can lower interest rates and make the President happy.

有些人認為 Warsh 有計劃。他等待石油價格下跌,然後就可以降低利率,讓總統滿意。

Conclusion

The bank is now careful with money. Everyone is waiting to see who the new leader in Atlanta will be.

銀行現在對資金採取謹慎態度。每個人都在等待看亞特蘭大的新領導人會由誰來擔任。

Vocabulary Learning

The 'Want' Pattern

In this text, we see people wanting things. This is a great way to express your needs in A2 English.

The Rule: Person + want/wants + thing/action.

Examples from the text:

  • He wants to stop prices... (Person + wants + action)
  • President Trump wants low interest rates. (Person + wants + thing)
  • They want to keep rates high. (People + want + action)

Quick Tip: Use -s (wants) for one person (He/She/It). Do NOT use -s (want) for many people (They/We) or for 'I' and 'You'.


Vocabulary Shift: Money words

  • Rising \rightarrow Going up
  • Lower \rightarrow Going down

Vocabulary Learning

leader (n.)
A person who is in charge of a group or organization.
Example:The team needs a strong leader to help them win.
rising (v.)
Going up or becoming higher.
Example:The sun is rising in the sky.
interest rates (n.)
The percentage of extra money you pay when you borrow money from a bank.
Example:When interest rates are high, borrowing money is expensive.
energy (n.)
Power from electricity, gas, or oil used to make things work.
Example:We use energy to heat our homes in winter.
careful (adj.)
Giving a lot of attention to what you are doing so that you do not make a mistake.
Example:Please be careful with the glass vase.
Practice A2 words in a crossword