WASHINGTON (MNI) – The following is a transcript from the news
conference with Federal Reserve Chairman Ben Bernanke, in which he says
the Fed’s policy actions will lead to a strong and healthy U.S. dollar
in the medium-term:
CHAIRMAN BERNANKE: Well, as I said earlier, we do believe that a
strong and stable dollar is in the interests of the United States and is
in the interest of the global economy.
Our view is that the best thing we can do for the dollar is first
to keep the purchasing power of the dollar strong by keeping inflation
low and by creating a stronger economy through policies which support
the recovery and cause more capital inflows to the United States. Those
are the kinds of policies that in the mean time will create the
conditions for an appropriate and healthy level of the dollar.
So I don’t think I really want to address a hypothetical which I
really don’t anticipate. I think the policies that we are taking not
with standing short-term fluctuations will lead to a strong and stable
dollar in the medium term.
** Market News International Washington Bureau: (202) 371-2121 **
[TOPICS: M$U$$$,MMUFE$,MGU$$$,MFU$$$,MN$FX$]
