November 4, 2010 by staff
Ben Bernanke, Fed Chairman Ben Bernanke, in an opinion piece, Washington Post, defended the decision of the central bank to buy and $ 600 billion in government bonds and noted that the quantitative easing “easing of financial conditions in the past and, so far, seems to be working again. ” The president of the central bank noted that stock prices rose and interest rates fell in long-term forecast of the decision Wednesday. “Lower mortgage rates will make housing more affordable and allow more homeowners to refinance. Lower rates of corporate bonds to encourage investment. And the more stock prices will increase the wealth of consumers and help build confidence, which can also stimulate spending, “he said. As concerns inflation, Bernanke said the past use had little effect on the amount of money in circulation and did not result of rising inflation.
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