You are here
Now Bernanke says he too supports a strong dollar
By Kate Gibson
MarketWatch.com
Monday, November 16, 2009
http://www.marketwatch.com/story/bernanke-says-hes-committed-to-strong-d...
NEW YORK -- The Federal Reserve is commited to a strong U.S. dollar, Fed Chairman Ben Bernanke said Monday.
Typically, no U.S. official other than the Treasury secretary speaks about the value of the dollar.
Bernanke said the recent weakness in the U.S. dollar largely reflects movements in and out of safe havens, but promised that the Fed would closely monitor developments in the exchange markets.
"We are attentive to the implications of changes in the value of the dollar," he said, adding that Fed policy would "help ensure that the dollar is strong and a source of global financial stability."
* * *
Join GATA here:
Vancouver Resource Investment Conference
Sunday and Monday, January 17 and 18, 2010
Hyatt and Fairmont Conference Hotels
Vancouver, British Columbia, Canada
http://www.cambridgeconferences.com/index.php/vancouver-resource-investm...
* * *
Support GATA by purchasing a colorful GATA T-shirt:
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
http://www.cartserver.com/sc/cart.cgi
Or a video disc of GATA's 2005 Gold Rush 21 conference in the Yukon:
* * *
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
http://www.gata.org/node/16
