Under Mr Greenspan, whose memoirscame out this week (see article), the Fed won a name for being quick to cutrates when markets squealed but slow to raise them when the economy picked up.

• 根据本周出笼的格林斯潘的回忆录，美联储赢得了这样一个名声：当市场告急时迅速降息，但是经济回升时却疏于回调。