Thursday, July 11, 2013

Bernanke Promises More QE, Dollar Collapses

Following Bernanke's promise to print more dollars the fall of the dollar against every currency in the world is tremendous

Bernanke also said the Fed won't raise interest rates "for some time," even after the unemployment rate reaches 6.5%.

The remarks of the chairman of the Federal Reserve came after the release of minutes from the Fed's June meeting earlier Wednesday. The minutes showed Fed officials divided about the timing of a reduction in bond buying.