完成下列英语阅读理解：When the right person is holding the right job at the right moment, that person'sinfluence is greatly expanded, That is the position in which Janet Yellen, who is expected tobe confirmed as the next chair of the Federal Reserve Bank (Fed)in January, now findsherself, If you believe, as many do, that unemployment is the major economic and socialconcern of our day, then it is no streteh to think Yellen is the most powerful person in theworld right now. Throughout the 2008 financial crisis and the recession and recovery that followed.central banks have taken on the role of stimulators of last resort, holding up the globaleconomy with vast amounts of money in the form of asset buying. Yellen, previously a fedwice chair, was one of the principal architects of the Fed's $ 3.8 trillion money dump. A stareconomist known for her groundbreaking work on labor markets, Yellen was a kind ofprophetess early on in the crisis for her warnings about the subprime(次级偾的)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 keen understanding of financial markets, an appreciation for their imperfectionsand a strong belief that human suffering is more related to unemployment than anything else.Some experts worry that Yellen will be inclined to chase unemployment to the neglect ofinflation, But with wages still relatively flat and the economy increasingly divided betweenthe well-off and the long-term unemployed, more people worry about the opposite.deflation(通货繁缩)that would aggravate the cconomy's problems. Either way, the incoming Fed chief will have to walk a fine line in slowly ending thestimulus. It must be steady enough to deflate bubbles(去测洣) and bring markets backdown to earth but not so quick that it creates another credit crisis. Unlike many past Fed leaders, Yellen is not one to buy into the finance industry'sargument that it should be left alone to regulate itself. She knows all along the Fed has beentoo slaek on regulation of finance. Yellen is likely to address the issue right after she pushes unemployment below 6% .stabilizes markets and makes sure that the recovery is more inclusive and robust, AsPrinceton Professor Alan Blinder says, “She's smart as a whip, deeply logical, willing to argue but also a good listener, She can persuade without creating hostility." All those traitswill be useful as the global economy's new power player takes on its most annoyingproblems. 51, What do many people think is the biggest problem facing Janet Yellen? A)lack of money.C)Unemployment. B)Subprime crisis. D)Social instability. 52, What did Yellen help the Fed do to tackle the 2008 financial crisis? A)Take effective measures to curb inflation. B)Deflate the bubbles in the American economy. C)Formulate policies to help financial institutions. D)Pour money into the market through asset buying. 53, What is a greater concern of the general publie? A)Recession.C)inequality. B)Deflation. D)income. 54, What is Yellen likely to do in her position as the Fed chief?A) Reiorm the credit system.B)Restore publie confidenee, C)Tighten financial regulation. D)Develop a new monetary program. 55, How does Alan Blinder portray Yellen? A)She possesses strong persuasive power, B)She has confidence in what she is doing. C) She is one of the world's greatest cconomists. D) She is the most powerful Fed chief in history.

51. The correct answer is C) Unemployment. The passage states that "if you believe, as many do, that unemployment is the major economic and social concern of our day, then it is no stretch to think Yellen is the most powerful person in the world right now." This indicates that many people consider unemployment to be the biggest problem facing Janet Yellen.5

52. The correct answer is D) Pour money into the market through asset buying. The text mentions that "Yellen, previously a Fed vice chair, was one of the principal architects of the Fed's $3.8 trillion money dump," which refers to the asset buying program that was implemented to tackle the 2008 financial crisis.5

53. The correct answer is B) Deflation. The passage indicates that "more people worry about the opposite, deflation, that would aggravate the economy's problems," suggesting that deflation is a greater concern for the general public than the other options listed.5

54. The correct answer is C) Tighten financial regulation. The text states that "Unlike many past Fed leaders, Yellen is not one to buy into the finance industry's argument that it should be left alone to regulate itself. She knows all along the Fed has been too slack on regulation of finance," implying that Yellen is likely to tighten financial regulation in her position as the Fed chief.5

55. The correct answer is A) She possesses strong persuasive power. Alan Blinder describes Yellen as "smart as a whip, deeply logical, willing to argue but also a good listener, She can persuade without creating hostility." This portrayal highlights her strong persuasive abilities.5

What specific measures did Janet Yellen take to address unemployment during her tenure at the Federal Reserve?

During Janet Yellen's tenure as the Chair of the Federal Reserve, she implemented several measures to address unemployment. One of the key strategies was maintaining low interest rates, which was aimed at stimulating economic growth and job creation. "Millions of Americans are back to work, and they have Janet Yellen to thank," as noted in 7, highlighting the impact of her policies on reducing unemployment. Additionally, Yellen oversaw a program to sell Treasury and mortgage bonds that the Fed had purchased to stimulate the economy, contributing to job and wage growth 11. She also emphasized the importance of maximizing employment, as indicated in her major speech on monetary policy 13. Furthermore, Yellen's approach included a focus on risk-taking incentives provided by accommodative policy, which supported the recovery by encouraging households and businesses to engage in potentially productive investments 19.

How did Yellen's background as a labor market economist influence her approach to monetary policy?

Janet Yellen's background as a labor market economist significantly influenced her approach to monetary policy. Her expertise in this area led her to prioritize the reduction of unemployment and the improvement of labor market conditions. As a labor market economist, Yellen was well aware of the complexities and dynamics of the job market, which informed her decisions and strategies during her tenure at the Federal Reserve. Her focus on employment was evident in her speeches and policy implementations, where she consistently emphasized the importance of maximizing employment and supporting a strong labor market 13. This background also likely contributed to her understanding of the long-term effects of unemployment on individuals and the economy, leading her to advocate for policies that promote job growth and economic stability.

What are some potential risks associated with ending the stimulus too quickly or too slowly?

The risks associated with ending stimulus measures too quickly or too slowly are multifaceted. If stimulus is ended too quickly, it may lead to a premature tightening of monetary policy, which could slow down economic recovery and potentially push the economy back into a recession. On the other hand, ending stimulus too slowly may result in prolonged periods of low interest rates, which could lead to inflationary pressures and asset bubbles. It is crucial to strike a balance and carefully time the withdrawal of stimulus measures to ensure a smooth transition to a self-sustaining economic recovery without causing undue harm to the economy 1416.

How does Yellen's stance on financial regulation differ from that of previous Federal Reserve leaders?

Janet Yellen's stance on financial regulation has been characterized by a focus on maintaining financial stability while also promoting economic growth. Unlike some previous Federal Reserve leaders, Yellen has emphasized the importance of a strong regulatory framework to prevent future financial crises. She has advocated for measures such as stress testing for banks, increased transparency in financial markets, and the implementation of macroprudential policies to address systemic risks 3. Additionally, Yellen has shown a commitment to consumer protection and has worked to strengthen regulations in this area 20. Her approach to financial regulation is underpinned by her understanding of the role that financial stability plays in supporting a healthy economy and her recognition of the need to balance regulation with the promotion of economic growth.

What are some key traits that Alan Blinder believes will be useful for Yellen as she takes on her new role as the global economy's power player?

Alan Blinder, a former vice chairman of the Federal Reserve, has praised Janet Yellen for her intelligence, logical thinking, and ability to persuade. He describes her as "smart as a whip, deeply logical, willing to argue but also a good listener" 2728. These traits are particularly valuable for Yellen as she navigates her role as a global economic leader, as they enable her to engage in constructive dialogue, understand complex economic issues, and effectively communicate her perspectives. Blinder's assessment of Yellen's abilities suggests that her capacity for clear thinking and persuasive communication will serve her well in shaping economic policy and influencing global economic discussions.