Fed Likely to Keep Rates Low Despite Dollar's Fall: Bernanke
The U.S. central bank is monitoring the declining value of the dollar closely as part of its commitment to both jobs growth and price stability, Federal Reserve Chairman Ben Bernanke said Monday. AP In a rare commentary on the value of the dollar, Bernanke drew a link between its current weakness and inflation risks. Bernanke also said that regulatory reform has to address the too-big-to-fail issue, and it must be possible for financial firms to fail without dragging the broader system with them. Instead, systemically important banks should be closely supervised and there should be an alternative to government bailouts....
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Tags: Address, Banks, Federal Reserve, Federal Reserve Chairman, Federal Reserve Chairman Ben Bernanke, Inflation Risks, Jobs, Price Stability, Regulatory Reform, S Central, Value Of The Dollar