Bernanke also said it was “unfair” to allege that Fed monetary policy was driving global food prices higher.
Instead, he said, emerging-market demand is a root cause for higher prices. The unwillingness of such countries to adjust their exchange rates in light of stronger domestic growth is another factor, he noted.
hahahahahahah
hahahahahahah
Vigilance on inflation
Bernanke also said that the Fed was determined to hold inflation low and steady.
Bernanke strongly defended the central bank’s controversial bond-buying program, saying it has provided “significant support to job creation and the economy.”
hahahahahah
hahahahahah
“A wide range of market indicators supports the view that the Federal Reserve’s securities purchases have been effective at easing financial conditions,” he said.
He said that rising stock prices weren’t a goal of the Fed’s program but called them an understandable by-product of its efforts to drive down long-term yields and push investors to take more risks.
Morale??????
1) la colpa delle comodity alte non è della speculazione ma è delle economie emergenti che crescono con valuta debole
2) i soldi che hanno stampato sono andati per la creazione di posti di lavoro
Fantastico! peccato dica balle....
Bernanke spies hints of improving economy The Fed - MarketWatch
