-->POSITION: Fed GovernorSTANCE: DovishNOTES: Took office Aug 5 2002, current term expires Jan 31 2018REMARK (22/04/04) (Reuters) Given that S/T rates must eventually be normalized. Controling inflation expectations is key to controling inflation. Hiring improvement is modest at best. VIEW: Quite a change from a reputed dove. No longer sees risk of disinflation. CAREER: Princeton economics professor, Republican, with strong pro-free market views. BERNANKE, BEN4CASTMore >>

POSITION: Fed GovernorREMARK (15/04/04) (Reuters) Fed does not need to follow the market on rates. Can allow more output without risking inflation when productivity is high.REMARK (15/04/04) (Reuters) Inflation should stay contained for now, output gap and productivity to help contain inflation for a couple of years.REMARK (30/03/04) (Reuters) Employment should rise as firms become more convinced on growth, inflation will remain under control due to economic slack. Fed mandate calls for patience. Energy prices won't derail the recovery. BERNANKE, BEN4CASTMore >>

POSITION: Fed GovernorREMARK (30/03/04) (Reuters) Fed should keep inflation going from too low or too high. Very, very low inflation is bad for the economy. Impact of foreign central bank Treasury purchases is likely modest.REMARK (30/03/04) (Reuters) Expects steady labor market gains over the rest of the year, productivity gains, likely unsustainable, main reason for labor market weakness. Trade and outsourcing not big factors.REMARK (20/02/04) (Reuters) Jan CPI consistent with continued low inflation, if energy prices get much higher will be a negative factor. Philly Fed shows growth to be quite substantial 5% productivity not sustainable indefinitely. BERNANKE, BEN4CAST

-->Ja klar, man muss doch den Eindruck erwecken, dass man das Problem erkannt hat und gegensteuern wird, dazu noch ein bisschen Gedasel von Productivity ( hat wir ja schon mal 98/99) und Kapazitätsauslastung und schon gehen die Zinsen wieder ein bisschen runter. Fragt sich allerdings wielange...

-->der letzte von heute ist im Vergleich selbst zu seiner Position von vor
einer Woche eine bemerkenswerte Wende.

-->REMARK (22/04/04) (Reuters) Markets are now in better synch with Fed thinking on rate timing

VIEW: Important inference from this past dove, who now feels market thinking on Fed rate hikes, (and a first tightening in August) makes sense. Ironically it may be that Bernanke/Fed thinking has converged to market thinking more than the other way round

-->>der letzte von heute ist im Vergleich selbst zu seiner Position von vor
>einer Woche eine bemerkenswerte Wende.

Man will keinen stärkeren USD und wenn man dauernd von Deflation redet glauben die Leute das am Ende und SPAREN, das will man natürlich auch nicht:

"Based on the information currently available, my own best guess is that core inflation has stopped falling and appears to be stabilizing in the vicinity of 1-1/2 percent, comfortably within my own preferred range of 1 to 2 percent."

Mit anderen Worten: no need to worry, die unerwünscht niedrige Inflation von 1,2% ist jetzt einer von angenehmen 1,5% gewichen...