tight monetary policy　

tight monetary policy　紧缩的金融政策　

A course of action undertaken by the Federal Reserve to constrict spending in an economy that is seen to be growing too quickly，or to curb inflation when it is rising too fast.The Fed will“make money tight”by raising short-term interest rates（also known as the Fed funds，or discount rate），which increases the cost of borrowing and effectively reduces its attractiveness.