Bernanke: Fed is monitoring changes in dollar's value

Filed under: Federal Reserve, Financial Crisis

U.S. Federal Reserve Chairman Ben Bernanke did something Monday that Fed chairs rarely do: he commented on the dollar.

Comments about the dollar are almost exclusively left to the U.S. Secretary of the Treasury, but on Monday Bernanke, in a speech before the Economic Club of New York, said the large movement of capital precipitated by the financial crisis "resulted in a marked increase in the dollar," and those flows are now returning to their former status, due to improved credit market conditions and the stabilization of global economic activity.

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Bernanke: Fed is monitoring changes in dollar's value originally appeared on BloggingStocks on Mon, 16 Nov 2009 17:20:00 EST. Please see our terms for use of feeds.

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