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Fed & Egypt

Started by Riversider
about 15 years ago
Posts: 13573
Member since: Apr 2009
Discussion about
Asset purchases by the US Federal Reserve do not cause rising food prices in countries such as Egypt, the central bank’s chairman Ben Bernanke said on Thursday. “They can, for example, use monetary policy of their own. They can adjust their exchange rates, which is something that they’ve been reluctant to do in some cases,” Mr Bernanke said. Global food prices hit a record high in January according to the UN Food and Agricultural Organisation. http://www.ft.com/cms/s/0/5c4aeaea-2fbd-11e0-91f8-00144feabdc0.html#axzz1CwdELRHc
Response by Truth
about 15 years ago
Posts: 5641
Member since: Dec 2009

Riversider: The shite is hitting the fan.

Ignored comment. Unhide

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