201506真题.docx

Passage 1-1Questions 56 to 60 are based on the following passage. When the right person is holding the right job at the right moment, that persons influence is greatlyexpanded. That is the position in which Janet Yellen, who is expected to be confirmed as the next chair ofthe Federal Reserve Bank (FeD. in January, now finds herself. If you believe, as many do, thatunemployment is the major economic and social concern of our day, then it is no stretch to think Yellen isthe most powerful person in the world right now. Throughout the 2008 financial crisis and the recession and recovery that followed, central banks havetaken on the role of stimulators of last resort, holding up the global economy with vast amounts of moneyin the form of asset buying. Yellen, previously a Fed vice chair, was one of the principal architects of theFeds $ 3.8 trillion money dump. A star economist known for her groundbreaking work on labor markets,Yellen was a kind of prophetess early on in thc crisis for her warnings about the subprime (次级债)meltdown. Now it will be her job to get the Fed and the markets out of the biggest and mostunconventional monetary program in history without derailing the fragile recovery.The good news is that Yellen,67, is particularly well suited to meet these challenges. She has a keenunderstanding of financial markets, an appreciation for their imperfections and a strong belief that humansuffering was more related to unemployment than anything else. Some experts worry that Yellen will be inclined to chase unemployment to the neglect of inflation.But with wages still relatively flat and the economy increasingly divided between the well-off and the long-term unemployed, more people worry about the opposite, deflation (通货紧缩) that would aggravate theeconomys problems. Either way, the incoming Fed chief will have to walk a fine line in slowly ending the stimulus. It mustbe steady enough to deflate bubbles (去泡沫) and bring markets back down to earth but