The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: Tommaso who wrote (4225)	2/12/2008 1:37:11 PM
From: Real Man	Read Replies (1) of 71456

Uh-oh. Once the stress is temporarily off, someone may sell the dollar in size. SAN FRANCISCO, Feb 12 (Reuters) - San Francisco Federal Reserve Bank President Janet Yellen said on Tuesday it was "premature" to think about the Fed's possible strategy to raise interest rates once the U.S. economic slowdown has passed. Yellen told reporters after a speech that for now, the Fed needs to stay focused on downside risks to growth, and the "factor of fear and caution" that could already be at play, similar to those seen in the early 1990s U.S. recession. The Fed's "aggressive" string of rate cuts has been focused on shoring up the economy and the "innocent bystanders" hurt by problems in financial markets, Yellen said. The Fed can't be afraid to act merely because of the appearance of "moral hazard" that some might see in bailing out financial markets, she said.

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