With the Federal Reserve's recent controversial moves in regard to quantitative easing and other measures that the American and global financial community have dubbed as "impending bouts of inflation" the Fed has seen fit to have its head address the public. Fed chairman Ben Bernanke has begun making very public statements about what is currently going on in America and abroad with regard to the US dollar and "money creation". Those who are active in the forex currency exchange should take note of this new PR campaign because it will likely have serious impact not only on the US dollar but all major currencies.
By issuing more money out of the Federal Reserve Ben Bernanke has devalued all other US dollars currently in circulation. This has lead to countries such as Russia and China abandoning US currency in many respects and this further diminishes the value of the USD. Truly the current atmosphere abroad and here in the states is a toxic one for the US dollar and the latest attempts by the Fed to parade Bernanke around as some sort of goodwill piece are laudable they do not sit well with many. Around the world people are short on patience with regard to US fiscal policy.
Many are ready to see some real results and are sick of the constant barrage of proposals and supposed solutions that never seem to quite fill the void present in much of the world's economy. Bernanke and the Federal Reserve Bank are all going to have to try a lot harder