Friend ini Mr Bernanke speech " kutipan dari wallstreet journal " Kira Mr Bernanke akan action apa ya ...., dia kan ada jawdwal meeting tuh tgl 31 oktober dan dalam waktu dekat ada pertemuan G7,,,eh kalau ndak salah OPEC juga udah keluarkan statement tentang kenaikan harga minyak sekarang ini... boleh nih kita diskusikan kan banyak nih teman- teman dari berbagai latar profesi dan basis keilmuan...., mudah2 an kita nambah ilmu... yang ujungnya kita dapat duit. salam....
david Bernanke Says Strong Actions Can Prevent 'Costly' Scenarios By BRIAN BLACKSTONE October 19, 2007 5:28 p.m. WASHINGTON -- Federal Reserve Chairman Ben Bernanke said Friday that strong central-bank action may be warranted at times to prevent worst- case economic scenarios from occurring. "Indeed, intuition suggests that stronger action by the central bank may be warranted to prevent particularly costly outcomes," Mr. Bernanke said in prepared remarks to a St. Louis Fed conference. (Read the full speech.) Mr. Bernanke referred in his remarks to "robust-control methods" developed by some economists that "are aimed at minimizing the consequences of worst-case scenarios, including those with only a low probability of being realized." "The concern about worst-case scenarios emphasized by the robust- control approach may likewise lead to amplification rather than attenuation in the response of the optimal policy to shocks," Mr. Bernanke said. Mr. Bernanke's remarks shed more light on the role of risk management in the Fed's decision last month to lower the target federal-funds rate by a half percentage point, a more aggressive move than most economists on Wall Street had expected. In a speech Monday, Mr. Bernanke said, "risk-management considerations also played a role in the decision, given the possibility that the housing correction and tighter credit could presage a broader weakening in economic conditions that would be difficult to arrest." That justified "doing more sooner" with respect to policy, he said Monday. Financial markets this week have raised the odds of another quarter- point rate cut at the end of this month, as housing and jobless- claims data suggest the economy may be weakening. In his remarks Friday, Mr. Bernanke cautioned that assessing the economy's true state "remains a formidable challenge." Uncertainty about the economy "provides a reason for the central bank to strive for predictability and transparency, avoid overreacting to current economic information, and recognize the challenges of making real-time assessments of the sustainable level of real economic activity and employment," Mr. Bernanke said.
