">> REPORTER: Many of the commercial partners of the United States are very concerned about the evolution of your foreign exchange rate.
If in one hypothetical case the dollar would sink to a not tolerable level which would harm very much the U.S. economy and the prospect for the global economy because it affects the confidence of so many people, would you consider changing your monetary policy in accordance to that threat?
>> CHAIRMAN BERNANKE: Well, as I said earlier, we do believe that a strong and stable dollar is in the interests of the United States and is in the interest of the global economy.
Our view is that the best thing we can do for the dollar is first to keep the purchasing power of the dollar strong by keeping inflation low and by creating a stronger economy through policies which support the recovery and cause more capital inflows to the United States. Those rt kinds of policies that in the mean term will create the conditions for an appropriate and healthy level of the dollar.
So I don't think I really want to address a hypothetical which I really don't anticipate. I think the policies that we are taking not with standing short-term fluctuations will lead to a strong and stable dollar in the medium term."
- high bet
If in one hypothetical case the dollar would sink to a not tolerable level which would harm very much the U.S. economy and the prospect for the global economy because it affects the confidence of so many people, would you consider changing your monetary policy in accordance to that threat?
>> CHAIRMAN BERNANKE: Well, as I said earlier, we do believe that a strong and stable dollar is in the interests of the United States and is in the interest of the global economy.
Our view is that the best thing we can do for the dollar is first to keep the purchasing power of the dollar strong by keeping inflation low and by creating a stronger economy through policies which support the recovery and cause more capital inflows to the United States. Those rt kinds of policies that in the mean term will create the conditions for an appropriate and healthy level of the dollar.
So I don't think I really want to address a hypothetical which I really don't anticipate. I think the policies that we are taking not with standing short-term fluctuations will lead to a strong and stable dollar in the medium term."
- high bet
