The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: Real Man who wrote (1541)	10/16/2007 1:35:59 PM
From: the navigator	Read Replies (2) of 71426

So here are some Bernanke comments via CNN/Money: He added during the question and answer period that the Fed may need to make sacrifices in order to ensure the long-term health of the economy. "Using monetary policy is very difficult," he said. Bernanke also brushed off concerns about a weak dollar prompting inflation. When David Malpass, chief economist at Bear Stearns, asked Bernanke if he thought the value of the dollar impacts inflation, Bernanke said he did not think a fixed exchange rate would be good for the economy. wtf? what kind of sacrifices might the Fed make? It's an interesting choice of words, to say the least... money.cnn.com

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