All
 

 

Just in:  

You are here: Home»Business»Banking & Finance»Bernanke says low nominal rates don't mean policy is easy

Ben-Bernanke_400SAN FRANCISCO: Federal Reserve Chairman Ben Bernanke on Friday said one key lesson from the Great Depression is that in times of economic distress, the numerical level of interest rates can be a misleading indicator of monetary stimulus levels.

"Monetary policy needs to be accommodative and not too tight, and you need to be careful about confusing low nominal interest rates with easy policy, which was a mistake that was made in the '30s," he told a conference at the San Francisco Fed. "Low nominal interest rates don't necessarily mean that policy is all that easy."

Copyright Reuters, 2013


 



 
Index Closing Chg%
Arrow DJIA 17,678.23 0.23
Arrow Nasdaq 4,863.36 0.27
Arrow S&P 2,056.15 0.24
Arrow FTSE 6,895.33 1.37
Arrow DAX 11,843.66 0.18
Arrow CAC-40 5,006.35 0.29
Arrow Nikkei 19,471.12 1.39
Arrow H.Seng 24,497.08 0.13
Arrow Sensex 27,457.58 2.33





New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk



ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln