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Thread: Obama Says Federal Reserve's Easing Wasn't Aimed at Affecting Dollar Value

  1. 11-13-2010 07:18 AM #1
    bobbyw24
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    Wink Obama Says Federal Reserve's Easing Wasn't Aimed at Affecting Dollar Value

    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/2010-1...he-dollar.html
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  3. 11-13-2010 07:23 AM #2
    TheDriver
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