That in theory should put a floor under the Fed funds rate.

那在理论上将铺上一层地毯在美联储资金利率下面.

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The Fed will unwind the balance sheet before they raise the fed funds rates.

美联储会先清理资产负债表,然后才会提高联邦基金利率.

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Practically, the lower bound for the fed funds rate may be somewhat higher than zero.

实际上, 联邦基金利率的下限还是会高于零.

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Mortgages are often tied to 10 - year yields rather than to the Fed funds rate.

按揭通常与10年期收益率挂钩,而不是与联邦基金利率挂钩.

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