Emerging Markets Benefit From Soft US Monetary Policy

US Federal Reserve (Fed) Chairman Ben Bernanke seems determined to undermine the US Dollar. That's my opinion. Let's turn to this late report from The Economic Times of India (at 10:45 PM EST): Last week, the US Federal Reserve (Fed) Chairman Ben Bernanke stated the Fed is committed to supporting the economic recovery and new job creations by keeping the interest rates at historical low levels. He announced the Fed has no plans to exit from the soft monetary policy, and will finish the second quantitative easing (QE2) purchase worth 600 dollars by the end of this June. He also commented that the Fed is not overly concerned by the high headline inflation rate which is mainly due to the high crude oil price in the international markets. The core inflation rate is still ruling quite low in the US markets due to high unemployment and sluggish growth in wages. Full Article here...