According to the Shanghai Securities News reported carrying election time magazine's "person of the year 2009" glory, Fed Chairman Ben Bernanke adventure in Congress through the first approval for a second term. 17, United States Senate Banking Committee to 16 bit 7 of voting results, Ben Bernanke re-election next Fed Chairman of nomination and this is the beginning of next year, Ben Bernanke Senate vote of the whole "just added important weight.
Analysts believe that, in the United States economy emerging signs, monetary policy will gradually turn into "crisis mode" after a critical period, Ben Bernanke if successful re-election, the market was going to be a big benefit.
Responsive to public opinion
It is interesting to note that Ben Bernanke is itself a Republican, but at the moment most of the support he had of his re-election are Democrats. At 17, voting, 12 4 Democrats and Republicans voted, and another 1 6 Democrats and Republicans voted against.
56-year-old Ben Bernanke was set in 2006, President Bush nominated as Fed Chairman, his first term to 31 January next year. Although he in this round of financial crisis of access to most people, but also for his criticism.
Critics claimed that Ben Bernanke failed to identify the potential risks of the real estate market, both in terms of banking supervision was failed, causing the crisis eventually outbreak. Republicans sharbi strongly oppose the nomination of Ben Bernanke, in his view, whether as a member of the policy makers, or subsequently promoted to Chairman, Ben Bernanke the Fed's performance is not satisfactory. "I am his rhetoric of future plans a little confidence. ”
However, including the Senate Banking Committee Chairman Dodd, a Democrat, the force is Ben Bernanke, that were it not for him, the United States economy will fall into deeper quagmire. "Time" Editor-in-Chief hanffstengel said: "the recession is the story of the year. If you do not have Ben Bernanke, this worse. ”
As the subprime mortgage crisis continues to worsen, the fed in January 2008, significantly lowering the rate to a continuous interest rates eventually reduced to zero to 0.25% historic low point. Since then, the Fed has launched through the acquisition of bonds and other emergency financing plan implementation of quantitative easing, and participated on Merrill Lynch and other financial institutions.
Favourable stock market
According to Herodotus, the Senate will be next January 19, after the convening of plenary meeting, on Ben Bernanke's re-election nominated for final vote. When the United States Congressmen will end vacation reopen. If the next plenary vote, Ben Bernanke will be February 1, the second four-year term.
The Senate Banking Committee nominations, the United States political futures market latest trends show that the dealer has increased on Ben Bernanke's eventual reelection as its second term bet on the probability of 93.5%.
For Ben Bernanke the Fed may be re-elected, President of the United States media generally positive response. The industry is of the view that, in the present critical period, maintaining a policy of continuity is the most important. From this perspective that the fed if successful re-election on the stock market was going to be a big benefit.
In fact, from the White House earlier this year announced the re-election of Ben Bernanke and hurried to nominate, visible United States authorities hope that "maintaining" determination. 25 August this year, also enjoy the holiday of Obama nominated provisional announced that Ben Bernanke the re-election.
For purposes of Ben Bernanke, next year's situation, although it looks not so "dangerous", but more complicated. On the one hand, the fed to continue at a steady economic recovery is not implemented, fulfil its "in a long time to maintain the low interest rate"; on the other hand, to properly handle the signal to the market release of exit to avoid future inflation out of adverse situations.
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