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The same is true of unconventional interventions in corporate bonds and mortgage-backed securities. Not surprisingly, the concept of central bank independence obviously help to specific financial institutions - and this time, the whole society are under unprecedented economic pressures - soon become politically toxic. The differences between the two countries are significant because the basic national conditions and economic system of the two countries are fundamentally different. Planned economy and planned economy into market economy, the stage because the traditional pattern of economic and financial structure, imperative the mandatory administrative regulations directly effective, fast, accurate, coupled with the central bank's marketization operation ability is limited, the lack of experience, the benchmark interest rate to today still become society's widespread interest rate decision criteria. The fed is highly marketable, with each "federal funds rate" adjusting to market results after open market operations. Suppose a speculator decides to enter the foreign exchange futures market. He is going to take out $10,000 to speculate. He selected the broker bank and registered representative, opened an account, and deposited the money. To be on the safe side, he decided to do sterling business first and then gain some experience before entering other markets. On Wednesday, the U.S. house of representatives passed a revised republican tax reform bill. U.S. President Donald trump has called the tax reform a historic victory, and lower regulation would be good for the economy. The tax reform bill is the largest U.S. tax reform in three decades and the first comprehensive tax reform.