Chairman of the Board of Governors of the Federal Reserve System (FRS) Ben Bernanke during the swearing on the occasion of re-entry into the post committed to protecting the independence of the American central bank to increase its transparency to the public and strengthen the supervision of U.S. banks, reports Bloomberg.
“We must continue to defend its independence in order to maintain public confidence and ensure the economic and financial stability”, - B. Bernanke said after taking the oath before the staff of the Federal Reserve, who gathered in the atrium of the headquarters in Washington.
Last month, Bernanke was confirmed as head of the Federal Reserve in the U.S. Senate by a majority of 70 votes out of 100. Thirty-voting against and abstaining senators represent the most significant opposition to a candidate for head of the central bank since 1978, when the U.S. was introduced this system of voting.
U.S. Congress is currently working on a bill that will allow lawmakers to dictate the terms of a more active monetary policy the Central Bank and the Fed will deprive the supervisory authority for banks. Bernanke opposes such innovations.
independence of the central bank should protect, because it allows the Fed to implement monetary policy “in the long-term economic interests of the American people, and not in the short-term political imperatives.
Besides “autonomy imposes inherent obligation to ensure transparency, responsiveness and accountability,” added Bernanke. According to him, as soon as the central bank to try to increase the already enormous amount of information that is available to the general public.
“The crisis exposed the weaknesses and gaps in regulation and supervision of financial institutions and financial markets, - considers the head of the Fed. - We must continue to do everything possible so that our economy never suffered from financial collapse.”
Bernanke pledged in his second term as head of Fed roll record incentive programs, without undermining the economic recovery.
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Dynamics of shares of Raspadskaya (4.5%) and Mechel (1.8%) continues to reflect the expected increase in coal prices
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Russia”s indexes after a neutral opening moved to decline further clarity on the direction of movement will make a decision on rates, the Bank of England and the ECB
Bernanke has promised to defend the independence of the Fed and strengthen the supervision of banks in the USA
Chairman of the Board of Governors of the Federal Reserve System (FRS) Ben Bernanke during the swearing on the occasion of re-entry into the post committed to protecting the independence of the American central bank to increase its transparency to the public and strengthen the supervision of U.S. banks, reports Bloomberg.
“We must continue to defend its independence in order to maintain public confidence and ensure the economic and financial stability”, - B. Bernanke said after taking the oath before the staff of the Federal Reserve, who gathered in the atrium of the headquarters in Washington.
Last month, Bernanke was confirmed as head of the Federal Reserve in the U.S. Senate by a majority of 70 votes out of 100. Thirty-voting against and abstaining senators represent the most significant opposition to a candidate for head of the central bank since 1978, when the U.S. was introduced this system of voting.
U.S. Congress is currently working on a bill that will allow lawmakers to dictate the terms of a more active monetary policy the Central Bank and the Fed will deprive the supervisory authority for banks. Bernanke opposes such innovations.
independence of the central bank should protect, because it allows the Fed to implement monetary policy “in the long-term economic interests of the American people, and not in the short-term political imperatives.
Besides “autonomy imposes inherent obligation to ensure transparency, responsiveness and accountability,” added Bernanke. According to him, as soon as the central bank to try to increase the already enormous amount of information that is available to the general public.
“The crisis exposed the weaknesses and gaps in regulation and supervision of financial institutions and financial markets, - considers the head of the Fed. - We must continue to do everything possible so that our economy never suffered from financial collapse.”
Bernanke pledged in his second term as head of Fed roll record incentive programs, without undermining the economic recovery.
Speculative recommendation on shares of Norilsk Nickel, Gazprom, Lukoil, Sberbank and VTB
Dynamics of shares of Raspadskaya (4.5%) and Mechel (1.8%) continues to reflect the expected increase in coal prices
In Russia, modernization is impossible for foreign models
Gazprom aims TCU construction of the Sakhalin-Khabarovsk-Vladivostok “in a number of priority projects
European stock platform finished the day in negative zone
Tymoshenko: Yatsenyuk may be the head of the NBU
Kommersant: The world car market drove the bottom
Beyond Market fantasy: apartment for 10 thousand dollars
In the past year, many believed that the crisis would bring down prices …
Russia”s indexes after a neutral opening moved to decline further clarity on the direction of movement will make a decision on rates, the Bank of England and the ECB