Arab Today, arab today bernanke crisis to have longlasting effects on us economy
Last Updated : GMT 19:38:48
Arab Today, arab today
Arab Today, arab today

Bernanke: Crisis to have long-lasting effects on U.S. economy

Arab Today, arab today

Arab Today, arab today Bernanke: Crisis to have long-lasting effects on U.S. economy

Washington - Xinhua

U.S. Federal Reserve Chairman Ben Bernanke said Tuesday the latest round of financial crisis will have profound and long-lasting impact on the United States in all dimensions. \"The crisis seems certain to have profound and long-lasting effects on our economy, our society, and our politics,\" Bernanke said in a speech in Boston, Massachusetts. \"More subtle, but of possibly great importance in the long run, will be the effects of the crisis on intellectual frameworks, including the ways in which economists analyze macroeconomic and financial phenomena,\" he noted. The central banker said the crisis has already influenced the theory and practice of modern central banking and no doubt will continue to do so. He defended his policies in tackling the \"historic event\", the financial crisis together with the associated deep recession. In dealing with the crisis, Bernanke led the Fed lowered the federal funds rate to almost zero level in December 2008 and has been keeping it so far. The central bank also launched two rounds of so called quantitative easing policy, meaning buying the government bonds to stimulate the economy. In September, the Fed announced to shift 400 billion dollars of its investments to try to lower long-term interest rates. That followed the Fed\'s announcement in August that it planned to keep short-term rates at record lows until at least mid-2013, assuming the economy remains weak. The Fed has been criticized by those who say keeping rates too low for too long could fuel higher inflation later. But Bernanke argued that the long-term inflation expectation remains low and central bankers should not only consider the traditional macroeconomic objectives -- typically sufficient employment and stable price, but also pay equal attention to financial stability. The crisis has brought the goal of financial stability into co- equal status with macroeconomic health as a central banking goal, elevating the importance of regulation to guard against systemic risks, Bernanke said. Many economists hold that the U.S. economy is on the slow recovery track and that it will take another three to five years for it to bottom out from this Great Recession which officially ended in June 2009.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bernanke crisis to have longlasting effects on us economy Arab Today, arab today bernanke crisis to have longlasting effects on us economy

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bernanke crisis to have longlasting effects on us economy Arab Today, arab today bernanke crisis to have longlasting effects on us economy

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Lufthansa chief eyes up to 78

GMT 11:29 2017 Thursday ,21 September

Lufthansa chief eyes up to 78
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Rouhani at UN defends Iran nuclear deal

GMT 09:41 2017 Thursday ,21 September

Rouhani at UN defends Iran nuclear deal
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today China lifts 10-year travel ban

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Actress Ream Hhagag prepares for a new film

GMT 09:40 2017 Tuesday ,19 September

Actress Ream Hhagag prepares for a new film
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:49 2017 Wednesday ,20 September

WHO urges Yemen to accept vaccines

GMT 16:04 2017 Tuesday ,19 September

Egypt tourism revival steady but slow

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday