President-elect Donald Trump, center, listens to a member of the military in Baltimore, Plans to put more money into infrastructure and the military may push inflation too high, one central bank leader says.
One of the leaders of the U.S. central bank says plans by the Trump administration to boost spending might push inflation too high.
U.S. Federal Reserve governor Lael Brainard told a Washington audience Tuesday that plans to put more money into infrastructure and the military may have the intended effect of stimulating economic growth. But she cautioned that such stimulus, arriving at a time when the economy is approaching full employment, might overshoot and overheat the economy.
The Fed is supposed to promote full employment and keep inflation to a modest two percent. The bank's leaders cut the key interest rate to record lows during the recession to boost growth, and have been very gradually raising rates as the economy recovers.
Brainard said officials might have to raise rates sooner or higher to fend off the threat of inflation.
Other Fed officials have also expressed worries about increased spending, and several say they need more specifics about Trump's spending and other economic plans.
3.SELL卖,to help sell a new product, film etc by offering it at a reduced price or by advertising it
促销,推销,推广〔产品〕:
She's in London to promote her new book.
她来伦敦宣传她的新书。
4.SPORT体育运动,[usually passive][BrE]if a sports team is promoted, they play in a better group of teams the next year
将〔运动队〕升级;
OPPrelegate
promote sb to sth
They have been promoted to the First Division.
他们晋级为甲级队。
fend
fend/fɛnd;fend/verb1.fend for yourself,to look after yourself without needing help from other people
独立生活; 照料自己:
The kids had to fend for themselves while their parents were away.
父母不在家时,孩子们只好自己照料自己。
PHRASAL VERBS
▪fendsb / sthoff
1.to defend yourself against someone who is attacking you
挡开…的攻击;
SYNfight sboff:
Tabitha threw up an arm to fend her attacker off.
塔比莎挥臂挡开行凶者。
overshoot
o·ver·shoot/ˌovəˈʃut;ˌəʊvəˈʃu:t/verb(past tense and past participleovershot) /-ˈʃɑt;-ˈʃɔt/[I,T]
1.to accidentally go a little further than you intended
〔意外地〕超过,驶过(预定地点):
The plane overshot the runway and plunged into a ditch.
这架飞机冲出了跑道,一头扎进了沟里。
2.to spend more money than you had intended
超出〔预计费用〕:
The school has overshot its cash limit.
这所学校超出了预定的现金限额。