Bernanke says bad idea to manage asset prices

The Federal Reserve has to pay close attention to asset prices because they affect the economy, according to Fed chairman Ben Bernanke, but it is not a good idea for the US central bank to try to affect their prices directly.

"Asset prices are central to monetary policy-making. They play a role in the transition process and they are important for our forecasting and thinking about the economy. But I don't think the Fed ought to intentionally try to manage asset price movements," Bernanke said

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