Thursday, April 28, 2011
Press Conference Bernanke fueled a decline of the dollar
The first press conference after the FOMC meeting may be considered successful in terms of how it differed little from the main message of the official comment. In the latter said that rates are likely to be kept low "for a long time, though mention of the quantitative easing have assumed that current programs will be completed in June, and at this stage there are no plans for a sequel. As a result, we have witnessed the decline of the dollar during the press conference and then at auction in Asia. Drew attention to themselves, the Fed began cautiously with forecasts of growth than previously, instead of like last time to talk about "right way" of growth.