Bloomberg: Bernanke Says Fed to Take Necessary Steps on Growth
By Joshua Habben, Research & Risk Analyst | Wednesday, June 9th, 2010 18:02 UTC
Bernanke is still fully committed to providing stimulus and bailouts, even internationally. The world has yet to learn that the cure for too much debt and spending is not more debt and spending. Look for this behavior to continue and drag on the value of the US dollar in the long term.
June 9 (Bloomberg) — Federal Reserve Chairman Ben S. Bernanke said the U.S. central bank will act as needed to aid financial stability and economic growth after restarting emergency currency-swaps to help contain Europe’s debt crisis.
“Our ongoing international cooperation sends an important signal to global financial markets that we will take the actions necessary to ensure stability and continued economic recovery,” Bernanke said today in testimony to a House Budget Committee hearing.
Read the full article on Bloomberg.com
Bernanke Says Fed to Take Necessary Steps on Growth
June 9th, 2010
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