More on Ben Bernanke and the Economy

228743 Resource 128460 120646 120646 1237215033145 1237215033145 Controlled Ben Bernanke Thinks the Recession Could End This Year

Fed chairman attempts to instill confidence in the markets

Ben Bernanke went on 60 Minutes and said that he thinks the recession could end this year. GFT's Boris Schlossberg points this out about the <a href="http://www.fx360.com/commentary/boris/836/bernanke-tries-to-instill-confidence.aspx?aid=5704" target="_blank" title="Boris Schlossberg, recession, Ben Bernanke, forex market, U.S. dollar, monetary easing, markets">likely direction the Fed will take from this point going forward</a>: <blockquote> Chairman Bernanke’s focus on repairing the financial system as the primary key to reviving the US economy suggests that the Fed will continue its monetary easing policies for the foreseeable future and most likely indicates that the upcoming FOMC meeting this Wednesday will re-affirm the Fed’s commitment to quantitative easing. </blockquote> It will be interesting to see whether he is right about the recession -- and what a return to global economic growth will do to the strength of the U.S. dollar on the forex market. 9 application/xml false Ben Bernanke Boris Schlossberg forex market markets monetary easing recession U.S. dollar More on Ben Bernanke and the Economy Ben Bernanke and recession http://www.stockmarketfunding.com/SMF-Blogs/Economic-Analysis/March-2009/Bernanke-says-recession-could-end-in-2009-SMF-Econ.aspx U.S. Dollar and the Forex Market Currency trading on the forex market http://www.fx360.com/?aid=5704 <embed src='http://www.cbs.com/thunder/swf/rcpHolderCbs.swf?partner=userembed&vert=News&autoPlayVid=false&releaseURL=http://release.theplatform.com/content.select?pid=OY_5smapZNZUrCwa1wPnPVnD8gUGAF8i' name='cbsPlayer' allowFullScreen='true' allowScriptAccess='always' width='506' height='494' wmode='transparent' type='application/x-shockwave-flash' pluginspage='http://www.macromedia.com/go/getflashplayer' /> Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.0.7) Gecko/2009021906 Firefox/3.0.7 127.0.0.1 127.0.0.1 mmarquit 66.182.66.2 false true false false true 128460 blog blogsite/GFTForex/web