Federal Reserve

President Bernanke did not give any guidance on monetary policy prospects in August 26th, but the lengthening of the September Conference on interest rates means that the conference is more likely to introduce loose policies than before.

Easy

Further easing will take place before the beginning of 2012, possibly by expanding the scale of the balance sheet or restructuring the average maturity of US Treasury bonds.

purchase

The plan also did not talk about loose policy matters, which increased the uncertainty of policy arrival time in the short term.

However, Bernanke's speech also contained brief information about the prospects for the next round of monetary stimulus, and he repeatedly stressed that the Federal Open Market Committee (FOMC) had a series of options.

He also said that the September session would be extended to two days in order to more comprehensively discuss loose policy and related issues in the economic and financial development process. As far as experience is concerned, the conference extended to two days and increased the possibility of easing policy.