All Posts Tagged With: "Bernanke"

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Bernanke Rings the Forex Market Bell

The Chairman of the US Federal Reserve Bank, Ben Bernanke, rings the forex market bell at a speech he made yesterday by satellite TV to an economic conference in Barcelona Spain. Helicopter Ben finally spoke out about the sad condition of the US Dollar and said the following:

“In collaboration with our colleagues at the Treasury, we continue to carefully monitor developments in foreign exchange markets. The challenges that our economy has faced over the past year or so have generated some downward pressures on the foreign exchange value of the dollar, which have contributed to the unwelcome rise in import prices and consumer price inflation. We are attentive to the implications of changes in the value of the dollar for inflation and inflation expectations and will continue to formulate policy to guard against risks to both parts of our dual mandate, including the risk of erosion in longer-term inflation expectations.

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4Jun2008 | taipan | 0 comments | Continued

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