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- 2013-12-26
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[Homework]2013-12-22&12-24 ²®ÄÏ¿ËÉÏÑÝÃÀÁª´¢¸æ±ðÐã »òÏ÷¼õQE
It's been a long paralise? 8 years's drive for Ben Bernake, filled with virtually every economic challenge inmagical?. I, Bennes Bernake It all began in 2004, when Bernake swore in as 14th federal reserve chairman. Taking the ring from the man once called the ,Allen Greenspan. At first, it was a smooth sailing, US' economy is expanding. Storm and clouds seemed far away, but all that changed in 2007. The economy outlook has been importantly affected by recent development in financial markets, which has come under significant pressure over the past few months. This long has been house prices --- foreclosure surged. Publicly Bernanke remained a beep. Our forecast is for moderate, but positive growth is going forward through the next few quarters. In fact, the great recession was just beginning, Bear Sterns collapsed in 2008, was --- by JP Morgan. Lehman Brothers collapsed, stocks tank, and the credit market seize stop. This plan is the an emergency plan to put off a fire. Bernanke stepped on the gas, raved up the engines. Bernanke was aggressive at a time a country needs him to be aggressive, Quite frankly needed for him to be decisive. I think a lot of people don't realize how close this country was, ??which was respected to have a round on the banks??. Bernanke helped craft the controversial bank rescue plan, he cut the interest rate to near 0, and launched the massive fed-stimulus programs-quantitative easing, 1 ,2 and 3. The fed promised to try anything to ease the crisis, no matter how unorthodox was he. It is we are gonna do, whatever it takes. That message, I think, the psychological effect of that message to make the actual policy changes more powerful. By 2009, the market recovers, Times magazine named Bernanke its person of the year. But the year after the worst financial crisis, the fed is still pumping billions in stimulus, --- Bernanke the nickname Helicopter Ben. Critics say the easy money is filling risky investments, but --- stimulus will not be easy and could upset world market. We have now reared the entire generation of investors that become dependent on QE by stocks. The journey is still out on Bernanke's tenure at the fed. But after such an eventful economic journey, he's earned the right to do something a little less stimulated.
Maggie Lake, CNN, New York.
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