Ben Bernanke
BEN BERNANKE
Bernanke is particularly interested in the economic and political causes of the Great Depression, which he has written about extensively, but as I look through the articles written by Bernanke, he speaks on a broad range of topics, such as inflation, unemployment, the housing market, exchange rates and the monetary policy. As I read each article, they all seem to tie in the same message about the economy and how to prosper and grow the country.
In Mr. Ben Bernanke first month as chairman of the Federal Reserve, there were many difficulties communicating with the media because he wanted more transparency. He believe that it could improve the monetary policy in the Fed by communicating with the public. He thought the changes will provide a more insight into the Committee's viewpoint. He also thought that it would help households and businesses better understand and foresee how our policy decisions respond to incoming information, and enhance your accountability for the decisions that is made by the people.
Bernanke spoke about inflation as well. He said in the article, Market-Determined
Exchange 2004, “China was the most significant exception to the general trend toward inflation stabilization, free capital markets and floating exchange rates. China has strict barriers to capital flows, as well as an exchange rate that is effectively pegged to the U.S dollar.”(pg.1). He thought the US would benefit from China and other East Asian countries if they made the transition to floating exchange rates and freer capital flows. Bernanke also made speeches about recent economic problems that were facing the nation. He was now faced with an economy that was collapsing because of the negligence by many. In his speeches, Bernanke discussed how the housing prices and rising mortgage defaults and foreclosures weighed on the US economy. He also talked about how businesses were being very cautious and were reducing their
Bernanke is particularly interested in the economic and political causes of the Great Depression, which he has written about extensively, but as I look through the articles written by Bernanke, he speaks on a broad range of topics, such as inflation, unemployment, the housing market, exchange rates and the monetary policy. As I read each article, they all seem to tie in the same message about the economy and how to prosper and grow the country.
In Mr. Ben Bernanke first month as chairman of the Federal Reserve, there were many difficulties communicating with the media because he wanted more transparency. He believe that it could improve the monetary policy in the Fed by communicating with the public. He thought the changes will provide a more insight into the Committee's viewpoint. He also thought that it would help households and businesses better understand and foresee how our policy decisions respond to incoming information, and enhance your accountability for the decisions that is made by the people.
Bernanke spoke about inflation as well. He said in the article, Market-Determined
Exchange 2004, “China was the most significant exception to the general trend toward inflation stabilization, free capital markets and floating exchange rates. China has strict barriers to capital flows, as well as an exchange rate that is effectively pegged to the U.S dollar.”(pg.1). He thought the US would benefit from China and other East Asian countries if they made the transition to floating exchange rates and freer capital flows. Bernanke also made speeches about recent economic problems that were facing the nation. He was now faced with an economy that was collapsing because of the negligence by many. In his speeches, Bernanke discussed how the housing prices and rising mortgage defaults and foreclosures weighed on the US economy. He also talked about how businesses were being very cautious and were reducing their