U.S. President Barack Obama said that Federal Reserve Chairman Ben Bernanke works very well, struggling with the financial crisis and the Fed in a position to assume additional responsibilities for monitoring financial risk transfer K2Kapital .
However, U.S. President bypassed in silence the question of whether he will ask Bernanke to head the Central after the expiration of his term in office early next year. However, he severely criticized the financial regulators including the Fed, at the very beginning of the financial crisis.
Financial regulators did not do everything necessary to prevent a crisis. The Fed probably do better than many other regulators, but I think they were the first to admit that in the systemic risk and the prediction of systemic risks, they have not done all that need to be done, - Obama said at a press conference at the White House.
Under the proposed White House plan to reform the regulation, the Fed will be a key regulator for the financial institutions that the U.S. government finds enough to create systemic problems in the economy. B. Obama stressed that experience the Central Bank allows him to assume this role.
Against the background of the results of opinion polls showing Americans increasingly pessimistic about the effectiveness of programs stimulate the economy, Obama acknowledged that the U.S. is very difficult period. But he added that it is premature to talk about additional incentive programs.
I am not satisfied with the progress we have made. We must ensure that the programs that we run, working exactly as intended, - said Obama.
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