A total of 17 candidates secured the All India Rank (AIR) 1 as per the final results while earlier the number was 67
Bernanke, facing a chorus of protests about the asset-buying spree from within and outside the central bank, said a more vigourous US economy was essential to fuel the global recovery and dismissed charges he was debasing the dollar.
“The best way to continue to deliver the strong economic fundamentals that underpin the value of the dollar, as well as to support the global recovery, is through policies that lead to a resumption of robust growth in a context of price stability in the US,” Bernanke said in a speech to a conference at the European Central Bank in Frankfurt.
The Fed’s November 3 decision to buy a further $600 billion in US government debt with new money generated outrage among policymakers in many nations, who accused the United States of seeking to weaken the dollar to gain an export edge.
German Finance Minister Wolfgang Schaeuble called the policy “clueless” while domestic critics have argued the policy could ignite inflation and fuel asset bubbles. Fed officials circled their wagons this week to defend the programme. Two added their endorsement on Thursday, but another expressed opposition and a fourth said monetary policy should not play the main role in driving a stronger recovery.
“Deficits and surpluses are generated by many countries’ behaviour not a single currency,” Bernanke said in a later panel discussion with IMF Managing Director Dominique Strauss-Kahn and European Central Bank President Jean-Claude Trichet. “It will be very difficult for exchange rates by themselves to restore the balance and so I think structural adjustments on both sides are necessary,” Bernanke said.
Addressing international criticism of the Fed’s action, Bernanke said much of the recent weakness of the dollar reflected an unwinding of the increases that were notched as investors fled to the safety of the greenback during the European sovereign debt crisis in the spring.
Many emerging economies have worried that volatile investment inflows sparked by the dollar’s decline could be destabilising — either fuelling inflation or asset bubbles.
A total of 17 candidates secured the All India Rank (AIR) 1 as per the final results while earlier the number was 67
Authority said the exercise will involve movement of military vehicles and urged residents to stay away from designated areas
'I am proud of you. This is going to be historic,' the former first lady told Harris in a live video call
The application will be operational from Thursday, August 1
Prices for affordable apartments in popular areas have witnessed a rise of up to eight per cent compared to the second half of 2023
Residents have been warned not to approach the area
The number of arrests in days of violence in the country passed the 2,500 mark in an AFP tally
This new store in Fujairah is the second of its kind in the UAE, following the successful launch of the small store concept in Al Wahda Mall in 2020