Fed again went dollar will further depreciate

Continue the second round of quantitative easing monetary policy, the Federal Reserve to open a further "banknote printing machine" The dollar will be further devalued December 14, by the Federal Reserve will continue to buy government bonds to stimulate the economy and other factors, the New York stock market rally comprehensive Xinhua News Agency, Washington December 14, the Federal Reserve Board 14th said,　　The US economy is recovering, but the slow pace of recovery is not enough to slash unemployment, and the Federal Reserve will continue to buy a $600 billion trillion monthly US Treasury plan to spur a stronger U.S. economic recovery. The Federal Open Market Committee, the Fed's monetary policy policy-making body, said in a statement after a meeting on 14th: "Consumer spending in the United States is growing slowly, subject to high unemployment, weak income growth and tighter credit conditions." Investment in the acquisition of equipment and software continued to grow, but at a slower pace than in the first half of the year. Investment in Non-residential property remains weak and employers ' willingness to increase employees is not strong.　　"The Federal Open Market Committee continues to keep the federal funds rate unchanged at the 零至0.25% level to further stimulate the U.S. economic recovery," the statement said. In a statement of 14th, the Fed said it would gradually implement a second round of quantitative easing in the months to follow, with a monthly purchase of $75 billion trillion in U.S. Treasury bonds. The Federal Open Market Committee holds 8 annual monetary policy decision-making meetings.　　At the November monetary policy decision meeting, the Federal Reserve decided to buy $600 billion trillion of us long-term Treasury bonds, the second round of quantitative easing, by the end of June 2011, while keeping the federal funds rate at 零至0.25% levels unchanged.　　Analysts say the Fed's second round of quantitative easing will further devalue the dollar, boosting asset bubbles in overseas markets and creating a huge negative effect on the world economy. Since March 2009, the Fed has turned to quantitative monetary policy, expanding its balance sheet by buying 1.7 trillion of billions of dollars in medium-and long-term government bonds and mortgage-backed securities, in an attempt to boost growth with this constant "banknote" infusion of liquidity. Bruederle, Germany's economic minister, said after the meeting of 20 finance ministers and central bankers that "excessive and permanent creation of money is tantamount to manipulating the exchange rate indirectly".