Is Ben Bernanke yes?

The two-day meeting of the world's central bankers, held August 27 in the US, Fed chairman Ben Bernanke once again expressed his support for the U.S. economy with the "bottom line" that "will do everything possible" to ensure a sustained recovery of the U.S. economy. Bernanke's speech boosted the market as stocks strengthened early in Friday and the Dow rose 1% per cent after the opening. Some people ate the assurance, but also someone drank "magic potion".　　Some investors suspect that the Fed's "loose" has come to a head, with Bernanke "yes".　　See also "quantitative easing" Bernanke said the Fed is prepared to adopt "unconventional" measures to further increase the adaptability of monetary policy when necessary, especially in the face of a marked deterioration in the economic outlook. Bernanke said there are still plenty of options for the Fed to boost the economy, but every option has its pros and cons. Mr Bernanke described three of the most likely tools to use. He said buying more long-term securities would further ease the financial environment, but at the same time there are risks; the Fed hinted that it could keep short-term interest rates close to zero for longer than the market currently expects; the third is to lower the interest rate on excess reserves that the Fed pays to banks,　　But Mr Bernanke said the tool might not be effective. At present, the federal funds rate, one of the Fed's main policy-regulating instruments, has fallen to near zero, with limited room for further reductions.　　Under these circumstances, the "unconventional" monetary policy tool will be the main option for the future Federal Reserve to implement a new monetary expansion, the most important of which is the purchase of bonds, mortgage-backed securities and other bond-buying schemes, the so-called "quantitative easing" policy. Markets are still divided over whether the effects of monetary policy will boost the economy of the Fed's weapons in the future. New York University Professor Roubini says the Fed is running out of effective measures to spur growth. "We cannot prevent a slowdown in economic growth over the next few years," he said. Our policy measures are gradually running out. "Although Bernanke said the Fed will do everything it can to ensure that the economic recovery continues." But Roubini says: "The problem is that monetary policy is becoming ineffective."　　"Roubini expects U.S. growth to be" definitely "below 1% in the third quarter of this year, and he expects the probability of a two recession in the US to be 40%. Kansas City, president of the U.S. Federal Reserve, said the long-term adherence to the 0 interest rate policy is "risky gambling." He said that monetary policy should not be treated as a panacea for all problems in the United States, and that keeping interest rates low for a long time would only lead to a repeat of the recession and high unemployment in the US economy in the coming years. Economic data, he argues, is not as bad as the media and Wall Street experts described, and there is no need to worry about inflation at the moment. He said the US economy is recovering and the Fed needs to raise interest rates to avoid further fiscal imbalances in its policies.　　The Fed needs to lift its emergency 0 interest rate policy, raising interest rates cautiously and slowly, which would make its policies more appropriate for a slow recovery. Ben Bernanke was in a dilemmaReinhardt, who is the Fed's director of monetary Affairs, said the Fed had not agreed on another stimulus to the economy, and Bernanke could only make verbal promises.　　Harris, head of research at BofA Merrill's developed market economy, also said Mr. Bernanke was buying time for the Fed to announce more details of the bond purchase plan after the September monetary policy meeting. At present, there are different voices inside the Fed. Kansas, president of the US Federal Reserve, said the 0 interest rate policy could trigger inflation and new financial asset bubbles. The Federal Reserve director Duke says the U.S. economy is still growing and does not need further stimulus plans. Rajan, the former chief economist at the International Monetary Fund, said the Fed should raise interest rates to hedge asset bubbles, up to 2%.　　Disagreements over many issues make it difficult for Mr Bernanke to act immediately on loose policy. Reassuring only a word enough. But the dilemma is that it will comfort the two factions, which is the embarrassing situation for Bernanke and the Fed.