Chairman Bernanke has been asked to address the question in his upcoming monetary policy report to the Congress.
Later today, Federal Reserve Chairman Ben Bernanke will be testifying before the Senate Banking Committee as part of the semi-annual monetary policy report.
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Federal Reserve Chairman Ben Bernanke will deliver his monetary policy report to Congress, first to the Senate Banking Committee on Tuesday and then to the House Financial Services Committee on Wednesday.
Wednesday, Bernanke heads back to Capitol Hill, where he'll give his mandatory, semi-annual report on monetary policy to the House Financial Services Committee.
The immensely sober-sided Bank of England issued, just over a year ago, a severe critique of contemporary monetary policy, Financial Stability Report No. 13 , scoring it as far worse performing, empirically, than the gold standard.
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Bernanke spoke in front of the U.S. Senate Banking Committee on Tuesday as part of his twice-yearly report on Fed monetary policy.
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Kan said excessive currency moves can harm financial stability and that he hopes the Bank of Japan will take appropriate monetary policy steps, according to a Reuters report.
The report also revealed that the Bank's Monetary Policy Committee was divided over the economic outlook, primarily due to uncertainty about sterling.
Morgan, an investment bank, recollects in a recent report, the last time Mr Greenspan tightened monetary policy, in 1999-2000, Brazil's real took a dive.
Even so, car sales rose, and there was an improvement in the housing market, said the report, whose conclusions are used to set monetary policy.
"The Bank of Japan always insisted that they have already done everything they can do, so this means that any minor change of monetary policy cannot be confident, " CSFB's Yasushi Okada told the BBC's World Business Report.
U.S. retail sales data, industrial output in China and the euro area, the ongoing Spanish banking crisis and possible further monetary policy easing in Japan will all be overshadowed by the Greek elections, said Nomura Securities analysts in a 16 page report on Friday.
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