Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

Bernanke defends QE2 as G-20 gathers in Paris

Bernanke defends QE2 as G-20 gathers in Paris (by Greg Robb)

WASHINGTON (MarketWatch) -- Stung by criticism about the negative spillover effects of the Fed's $600 billion bond-buying program on the global economy, Federal Reserve Chairman Ben Bernanke issued a strong defense of the Fed's innovative monetary policy on Friday as central bankers and finance ministers gathered in Paris for this weekend's G-20 meeting. In remarks at the Bank of France, Bernanke reminded the emerging market nations that the Fed's quantitative easing program was designed to bolster the U.S. economy. "Emerging market economies have a strong interest in a continued economic recovery in the advanced countries, which accommodative monetary policies in the advanced economies are designed to promote," he said. Bernanke said the capital flows were driven by many factors not related to the Fed and "and were not out of line with longer-term trends." Bernanke said that China's decision to keep its currency artificially low has contributed "to a pattern of global spending that is unbalanced and unsustainable."