by appointing Jay Powell to be the next chair of the Federal Reserve,

指定了 Jay Powell 來擔任下一任聯準會主席

replacing Janet Yellen early next year.

將在明年取代 Janet Yellen

Jay Powell has been a governor in the Fed since 2012.

Jay Powell 自從 2012 年開始擔任聯準會理事

Before that, he worked under George Herbert Walker Bush in the Treasury,

在那之前，他在 George Herbert Walker Bush (老布希) 任內擔任財務部官員

has also been a private equity partner, a lawyer, and has worked at the Bipartisan Policy Centre,

也曾做過私募基金的合夥人、律師，也在兩黨政策中心工作過

which is a think-tank here in Washington, DC.

是 Washington, DC (華盛頓特區) 這邊的智囊團成員

In terms of his approach to monetary policy and regulation,

至於他對貨幣政策及監管手段的方面

Jay Powell is a centrist on monetary policy.

Jay Powell 是個貨幣政策的中立者

He has not dissented from the very gradual approach to rate rises that Janet Yellen has pushed,

他從未反對 Janet Yellen 所推行的極緩步升息這項作為

or indeed, to the very transparent and gradual approach they're taking at the Fed

或，實際上，從未反對美聯儲所採取十分透明、緩步的方針

to reducing the Fed's $4.5 trillion balance sheet.

在削減美聯儲 4.5 萬億美元的資產負債表這方面

On regulation, it remains to be seen whether he changes the tone a little bit.

在金融監管法規方面，他是否會改變態度還有待觀察

But he may be more open to easing the burden of regulation than Janet Yellen has been.

但他可能會對監管負擔的減輕採取比 Janet Yellen 更開放的態度

But that really remains to be seen.

但這仍有待觀察

He certainly doesn't seem to be a person

他看起來絕對不是那種

who wants to tear up the post-crisis regulatory system in a drastic way.

會想要將金融海嘯後的監管體系大肆破壞的人

A pragmatist, a centrist, Jay Powell will take over at the Federal Reserve early next year.

一個務實主義者、中立者，Jay Powell 會在接下來的幾年接管聯準會