0
Jspark1982 Posted 12 years ago
Business & Finance
What does scrap mean?
What does scrap mean in the passage below?
It means "to dispose or throw away", but it doesn't match with the context.
Thank you for your help!
The Fed will further scale back asset purchases today, reducing purchases by $10 billion for the third time, according to economists surveyed by Bloomberg March 14-17. Policy makers will scrap a 6.5 percent unemployment-rate target in favor of a range of economic indicators, 76 percent of the economists said.
It means "to dispose or throw away", but it doesn't match with the context.
Thank you for your help!
The Fed will further scale back asset purchases today, reducing purchases by $10 billion for the third time, according to economists surveyed by Bloomberg March 14-17. Policy makers will scrap a 6.5 percent unemployment-rate target in favor of a range of economic indicators, 76 percent of the economists said.
Top answer
The target is, of course, intangible, so scrap here is used figuratively - but it means the same thing.
- The target is, of course, intangible, so scrap here is used figuratively - but it means the same thing.
Get the Weekly English Kit 📬
New words, one handy idiom, and a 2-minute quiz — delivered to your inbox to keep your streak alive.
2 Answers
0
The target is, of course, intangible, so scrap here is used figuratively - but it means the same thing.
00
Thank you for your reply!
Does it actually mean "Policy maker was originally targeting a 6.5% unemployment-rate as a standard of scaling back the asset purchase but it has changed it, and the word 'change' includes a nuance of 'to give up(=scrap)' in this context "?
Does it actually mean "Policy maker was originally targeting a 6.5% unemployment-rate as a standard of scaling back the asset purchase but it has changed it, and the word 'change' includes a nuance of 'to give up(=scrap)' in this context "?
0
Related Questions