The Fed put out the fire, but the house still needs rebuilding.
美联储扑灭了大火，但房子仍然需要重建。
In a crisis, the priority is to stop the bleeding.
在危机中，首要任务是止血。
The most powerful tool the Fed has is the power of communication.
美联储拥有的最强大工具是沟通的力量。
When you're the central bank, you have to think about the unthinkable.
当你成为中央银行时，你必须考虑那些不可想象的事情。
The Great Moderation was neither great nor a moderation.
Courage in monetary policy is not the absence of fear but the judgment that something else is more important than fear.
货币政策中的勇气不是没有恐惧，而是判断有比恐惧更重要的事情。
The first lesson of crisis management is to get ahead of the curve.
危机管理的第一课是要走在曲线前面。
The central bank needs to be the adult in the room.
中央银行需要成为房间里那个成熟的大人。
Inflation is a thief in the night.
通货膨胀是夜间的小偷。