No change from Bernanke on monetary policyFederal Reserve Chairman Ben Bernanke held a rare press conference immediately following a meeting addressing US monetary policy. Just prior to the meeting on April 25the US dollar fell to new lows against the British Pound and Euro and even managed to fall to its lowest level ever against the Swiss Franc and Australian dollar on an expectation the Fed would announce little or no changes to America's weak monetary policy and resistance to raising interest rates. Karl Denninger from The Market Ticker explained that Bernanke plans to sacrifice the US dollar in favor of his preferred policies. "He's [Bernanke] allowed the federal government to run an enormous deficit," Denninger said. "As long as that policy continues, when you dilute something and have more of it, the value of it goes down. That's what's happening with the dollar." He explained US monetary policy continues to hurt the market and damage the US dollar against other major currencies. "While Ben was speaking gasoline prices in the futures market went up six cents," Denninger noted. Information provided by rt.com Thank you http://www.rt.com http://www.youtube.com/user/keymastermind77?feature=mhum#p/a/f/1/Due3iUlaoX4 code pour embarquer la vidéo : >>> http://www.youtube.com/embed/FltKqUROmGo <<< |