U.S. Federal Reserve is prepared to continue to support the economy through a soft monetary policy for a long period, but can not do that indefinitely because of the possibility of inflation, warned on Thursday the chairman of American Bank, Ben Bernanke.

Given the amount of excess reserves in the economy, low inflation, we believe that the situation would justify the maintenance of an enabling policy for a long time - said Bernanke, speaking at a conference in Washington.

It Bernanke promised that the Fed will be ready to tighten monetary policy when the economic prospects will improve sufficiently. My colleagues at the Fed, and I believe that the adaptive policy is likely to be justified over a long period, - he said. According to experts, Bernanke changed his position on a possible rise in rates on a more aggressive, which favors the growth of the value of the dollar.

To combat the crisis the Fed lowered rates to almost zero, began buying up mortgages and other securities, increasing its balance to $ 2 trillion. Analysts believe that now before the Central Bank is a very difficult task: to turn these emergency measures, without jeopardizing the financial market.

According to Bernanke, given the economic recovery, banks could soon find it profitable lending increased at the expense of its reserves, which, in turn, will spur the growth of broad money and credit, and eventually lead to inflationary pressures. For this reason, when it comes time to tighten monetary policy, we must either significantly reduce excessive reserves, or, if they remain, to neutralize their potential influence on broader indicators of broad money and credit, and hence on aggregate demand and inflation - said the head of the Fed.

EuroChem has launched the first in Russia the production of calcium ammonium nitrate worth 926 million rubles
Look at today's market
Euro will now bargain in the range 1.4648 - 1.4784 USD
Yesterday, the euro /dollar at the U.S. session, after falling to the level of 1.4718 has continued to rally and reached a mark 1.4815
Asia: a holiday in China has continued, but at auction
The government of Great Britain and Spain put sand in the wheels of the transaction Opel
Lukoil hopes to solve problems around the Odessa refinery in a month
Lukoil hopes for a compromise

discuss ways of resolving the supply of oil to the Odessa refinery ...

The Nobel Committee awarded the Peace Prize, Barack Obama