Ben is all talk no action

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Fed Likely to Keep Rates Low Despite Dollar's Fall: Bernanke
Published: Monday, 16 Nov 2009 | 12:31 PM ET Text Size By: Reuters
Federal Reserve Chairman Ben Bernanke said on Monday that the U.S. central bank was monitoring the declining value of the dollar closely, saying the Fed was committed to both jobs growth and price stability.

Ted S. Warren / AP
Federal Reserve Bank Chairman Ben Bernanke.
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However, he said there were other factors helping to restrain inflation in the United States, and he repeated that the Fed is likely to keep interest rates exceptionally low for "an extended period.''

In a rare commentary on the value of the dollar, Bernanke drew a link between its current weakness and inflation risks.

"We are attentive to implications of changes in the value of the dollar and will continue to formulate policy to guard against risks to our dual mandate to foster both maximum employment and price stability,'' he said in remarks prepared for delivery to the Economic Club of New York.

Fed officials usually defer to the Treasury secretary on issues relating to the dollar's value, but Bernanke noted that the currency's recent decline had been a factor helping to push commodity prices higher.

Bernanke said, however, that a high level of slack in the economy and stable longer-run inflation expectations should keep price pressures under wraps.

"On net, notwithstanding significant crosscurrents, inflation seems likely to remain subdued for some time,'' he said.

bigbadwolf

A hallow threat.

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last not even for 15 minutes. At least I can tell Ben is more powerful than Timmy. Last week when Timmy mentioned a stronger $, it even dropped furthur...

Cobra

last not even for 15 minutes. At least I can tell Ben is more powerful than Timmy. Last week when Timmy mentioned a stronger $, it even dropped furthur...
maserati 发表于 2009-11-16 12:50

Diffusion

BlueRiver

talk is cheap, green back is even cheaper !

olderfrog

only O8 has credibility.  Now is his turn to stand out and hailing "Now is the best time to buy green backs", just like what he did in Feburary for the stock market.

dividend_growth

猪猪们要养肥了才能宰。

trueself

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7# olderfrog

None of Americans have. Markets listen only if our President Hu speaks out