Wednesday, June 4, 2008

Support for strong dollar?

http://federalreserve.gov/newsevents/speech/bernanke20080603a.htm

At finance yahoo today, the two analyst are making waves about the Fed's speech yesterday. How, Ben Bernacke will support the dollar and what not. So, I actually went in and see what Ben spoke.

Over time, the Federal Reserve's commitment to both price stability and maximum sustainable employment and the underlying strengths of the U.S. economy--including flexible markets and robust innovation and productivity--will be key factors ensuring that the dollar remains a strong and stable currency.
I think the key word here is Over Time. Ben is not going to do anything now, so expect him to hold interest rate level for the next few meetings.

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