bobbyw24
11-13-2010, 08:18 AM
President Barack Obama said the U.S. Federal Reserve’s second round of quantitative easing is designed to boost growth, not affect the value of the dollar, rebuffing charges that America is seeking a weaker exchange rate.
“This decision was not one to have an impact on the currency, on the dollar,” Obama said a day after former Fed Chairman Alan Greenspan said the nation was “pursuing a policy of currency weakening” in a Financial Times opinion piece. “It was designed to grow the economy,” the president said.
http://www.bloomberg.com/news/2010-11-12/obama-says-federal-reserve-s-easing-wasn-t-designed-to-impact-the-dollar.html
“This decision was not one to have an impact on the currency, on the dollar,” Obama said a day after former Fed Chairman Alan Greenspan said the nation was “pursuing a policy of currency weakening” in a Financial Times opinion piece. “It was designed to grow the economy,” the president said.
http://www.bloomberg.com/news/2010-11-12/obama-says-federal-reserve-s-easing-wasn-t-designed-to-impact-the-dollar.html