Bernanke: Rates Are Well Positioned to Spur Growth

Wednesday, June 04, 2008 | 03:30 AM

Bernanke Says Rates Are `Well Positioned' to Spur Growth

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Bernanke_video


Excerpt:

Federal Reserve Chairman Ben S. Bernanke signaled he's done cutting interest rates for now and raised his biggest concerns yet about the inflationary effects of the dollar's 16 percent drop in the past year against the euro.           

The Fed is working with the Treasury to ``carefully monitor developments in foreign exchange markets'' and is aware of the effect of the dollar's decline on inflation and price expectations, Bernanke said today in his first speech on the economic outlook in two months. In addition, interest rates are ``well positioned'' to promote growth and stable prices, he said.    


Source:
Bernanke Says Rate `Well Positioned,' Watching Dollar
Scott Lanman
Bloomberg, June 3 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=aPYwMe5KGlpM&

Wednesday, June 04, 2008 | 03:30 AM | Permalink | Comments (12) | TrackBack (1)
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» Bernanke signals more rate cuts unlikely from Unpartisan.com Political News and Blog Aggregator
Federal Reserve Chairman Ben Bernanke signaled Tuesday that further interest rate cuts are unlikely [Read More]

Tracked on Jun 4, 2008 6:41:51 AM

Comments

Rates are well-positioned to spur growth... growth in the money supply, he means.

I'm using a wad of dollars to keep the fire escape door a jar in my building. Anybody else find good uses for these things?

Posted by: VennData | Jun 4, 2008 6:47:37 AM

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