There are a few headlines from Ben Bernenke who is speaking at a PBS television forum.
He has said :
#Political interference in monetary policy would likely lead to higher rates.
#Critical to put in a new system that allows firms to fail
#Growth in second half will not be enough to bring down unemployment rate. Takes about 2.5% growth to absorb new workers
#confident that within a few years, economy will be back on track.
#Best way to strengthen dollar is to restore economy. Fed supports strong dollar policy. Thinks dollar should be strong.
EURUSD has moved 10 pips lower.
