The Federal Reserve Chairman Ben Bernanke defended his post and taken steps under his leadership from the central bank in the U.S. to fight economic and financial crisis. Bernanke made the statement before the Senate, which must consider his candidacy for a second four-year term until the end of December. Under his leadership, the Federal Reserve cut the key rate in the United States to levels close to zero and set aside 3 trillion. dollars to strengthen the financial system. Bernanke warned that lower interest rates can not be changed prior to the careful analysis and assessment of the economic situation. He added that the Federal Reserve will implement the strategy of tightening monetary policy in such a way as to encourage job creation and to maintain price stability in the country. Some of the MPs in the Senate believe that the reelection of Bernanke will become the right message to the financial markets. Others, however, vehemently criticized the measures taken by the Federal Reserve steps forward BBC. Ben Bernanke’s mandate expires at the end of January. U.S. President Barack Obama nominated him for another term as chairman of the Central Bank of the United States in August, but his reappointment must be confirmed by the Senate.
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The price of oil fell to 76 dollars a barrel during electronic trading today in Asia after the data for unexpected contraction in the services sector in the United States darken depreciation of the dollar. This week it became clear that lower demand has increased oil reserves of the largest energy consumer in the world more than expected. U.S. light crude for delivery in January to 0.4% cheaper to 76.15 dollars a barrel during electronic trading on the New York oil exchange. Oil futures ended Tuesday’s session to drop the price of 14 cents to 76.46 dollars per barrel, the lowest level last week. Compared to last Friday U.S. crude oil has dropped by 0.2 percent, but the beginning of the year its price was raised by 70%. He may continue to become cheaper now, if the data for unemployment in the U.S. market in November, disappointed analysts. They expect it to remain at a level of 10.2 percent for the second month. In the hours electronic trading on the international petroleum exchange in London Brent crude oil traded slightly decrease the price by 0.2 percent to 78.17 dollars per barrel.
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Germany’s Economy Minister Rainer Bruderle warned that companies are about to turn themselves in credit crisis, if banks do not start to lend. “Banks should not grant more loans. If they do not, the government can take regulatory action, “warned Bruderle in a television interview suggests. One of the steps it has taken economic minister, was to appoint a “credit mediator. This post was placed Joachim Metternich, whose task will be to ensure dialogue between banks and businesses. According to the government that will lead to easier lending to companies. The main task of the mediation process will be to collect requests from companies seeking funding and to seek a constructive solution by credit institutions. Such a position has already been in France and he wore a big success, believe in Germany.
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