Saturday, January 1, 2011

Bernanke: "We are not creating inflationary".

<P> Federal Reserve (FederalReserve) large purchases of U.S. Treasuries once again the decision caused some people worry that the Fed Chairman Ben Bernanke (BenBernanke) on Saturday responded that such measures but the effective implementation of different tools, the traditional currency .policy. .</ P> <P> Bernanke said, in my opinion, the Federal Reserve are taking the current route does not exist so many people think of the changes. .He said that some people think, or asset purchase of quantitative easing is something completely different, strange things, we do not know what will happen in the future in the end, this policy is not unexpected, unpredictable ─ ─ contrary, it is just money .policy only. .</ P> <P> the Fed's measures has caused concern in many countries the world, because it would give some money put upward pressure on the dollar. .Asia and Europe, officials said Thursday, Friday held at the Group of 20 South Korea (G20) summit will discuss the Fed's move. .</ P> <P> Chinese have praised the decision of the Federal Reserve has depreciated. .G20 summit at the highest level of Chinese negotiator, Vice Foreign Minister Cui on Friday a media briefing in Beijing, said that many countries fear the impact of policies on their economies, the United States owes us some explanation. .</ P> <P> an event but also during the day, the central bank governor Zhou Xiaochuan said he had conducted a routine communication with the Fed and the Fed are taking to understand the route. .He said many of the Fed's statement is understandable. .</ P> <P> Zhou Xiaochuan said that while he worried that the new policy on the impact of other countries outside the U.S., but he also realized that the Fed should be on the U.S. economy "responsible." .</ P> <P> these inconsistent statements that the lack of policy coordination in China, so I do not know that the upcoming G20 summit, it will show some of the key issues which the position. .</ P> <P> on Friday, German Finance Minister Schäuble (WolfgangSchauble) criticism that the Fed plans to buy more bonds in the foreign exchange market, weakening the establishment of a fair competitive environment efforts. .</ P> <P> He said the United States accused China of doing things, the United States itself has also done in different ways. .</ P> <P> Bernanke's speech was organized by the Federal Reserve Bank of Atlanta, an event, his predecessor, Alan Greenspan (AlanGreenspan) and others were issued during the panel discussion. .Panel reviewed the Fed's history, the past century, dramatic changes in the Federal Reserve has done a deal with a variety of success were evaluated. .</ P> <P> Bernanke's speech was made at the Federal Reserve's decision to restart after the asset purchase plan. .On Wednesday, responsible for setting interest rates, the Federal Open Market Committee (FederalOpenMarketCommittee) said it ended the period of next year the acquisition of over 6,000 billion dollars in long-term U.S. government bonds, will also be held mortgage securities by maturity .accounts received, about 3,000 billion U.S. dollars to buy bonds. .</ P> <P> Although he considers himself "very understanding" that the Fed has done is disturbing, but he said that in the current sluggish growth, weak price environment of increasing pressure to take a more radical policy ."can help" improve the situation. .</ P> <P> Bernanke explained, "We are not creating inflationary", as I said, we do not take inflation rates to levels beyond normal, to have an impact on the economy. .But he said the Federal Reserve "for the two aspects of our mission has reciprocal commitments", it should avoid the price down to levels consistent with price stability is not. .</ P>.

No comments:

Post a Comment