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Federal Reserve Chairman Ben Bernanke, plan to rejuvenate the economy through the purchase of the US Federal Reserve 600 billion in bonds of the Treasury Board is under attack renewed - this time other Republican economists.

They argue that pumping more money into the economy might trigger inflation and weakening dollar trop.Les economists are their case in a letter to Bernanke and advertisements to run this week in the Wall Street Journal and the New York Times.

The binding of the Treasury Board buys "risk currency debasement and inflation and we think that they will achieve objective the Fed for the promotion of employment", economists wrote in his letter.

At the same time, their risk of criticism, forcing the Federal Reserve closer in the politics of Washington, where many people fear the independence of the Central Bank can be compromised.

Economists expressed doubts that program will help the Fed chief goal: reducing unemployment, now trapped at a rate higher 9.6%.And they think it will be injected new risks in the global economy.

Bernanke, a Republican who was top of President George w. Bush to take the Fed Economist in 2006 reported frustration still sluggish economy and unemployment élevé.Même if the recession is over, the unemployment rate has been stuck at 9.5 per cent or more than one year.

Announcing November 3 bond purchase program, the Federal Reserve said could lower long-term interest rates and economic growth more forte.Bernanke said he thought that low-interest loans lead to borrow and develop businesses. Cheaper mortgages allow more people to buy or refinance.

Stock prices would increase wealth and trust of individuals and businesses, has suggéré.Et expenditure increase lifting revenues, profits and economic growth.

But at a Summit of leaders global South Korea last week, the Germany China and other countries complained that plan the Fed would u.s. exporters an edge competitive price by flooding world markets $.

Emerging as the Thailand and the Indonesia fear fall Treasury yields will send money floods went in search of higher yields. These emerging markets could leave vulnerable to injury if investors decide more later extract and move their money elsewhere.

23 Economists letter represents a new front of the attack on the Fed-purchase plan.Economists who signed it include Douglas Holtz-Eakin, who served as Councillor political top 2008 Republican candidate John McCain.John Taylor, a senior official of the Department of the Treasury administration Bush; and Michael Boskin, Chief Economist at father Bush, President George H.W. Bush.

In the letter, they said Bernanke that the programme should be "reconsidered and abandoned."

The existence of the letter was reported earlier Monday by the Wall Street Journal.

In response to this, a spokesman for the Federal Reserve American said: "" the Federal Reserve does not believe that it can solve problems of the economy on its propres.Qui will take time and the combined efforts of several parties, including the Central Bank, Congress, administration, regulatory agencies and private sector.""

The Fed said it will regularly review program, whereby the Treasury will buy 600 billion dollars in obligations for eight months.The ECB left the door open to scaling back, or the limitation of the bond purchases if the economy achieved better results than expected - or buy more if seriously weakened the economy.

Rate of decline in prices of the Treasury Board and has increased for a third day Monday after Bernanke's letter came to light.Predatory reflects the speculation that the Fed could not achieve the full $ predictably 600 billion bond purchase program.The yield on the 10-year Treasury Board has jumped to 2.93 %.C'est at its highest level since July, before the start of the US Federal Reserve it take measures to stimulate the economy of refining.

Bernanke urges that the US Federal Reserve has the tools to absorb safely any extra money pumped into the economy and to avoid triggering a worrisome inflation.

Yet even in the US Federal Reserve us, some members expressed unease about the potential risks of the programme and doubts as to how it will help the economy.

Kevin Warsh, who was among the 10 Fed officials who voted for the $ 600 billion program last week nevertheless expressed doubts as to whether it could boost the economy .and he warned against "risks", including the potential to trigger excessive inflation by the suite.WARSH said that the Fed may have to review its programme if the dollar continued to fall or commodity prices continued to increase, raising inflation throughout the economy.

Critics inside and outside of the u.s. Federal Reserve also worry that the last intervention opens to criticism is printing money to pay the debt of the gouvernement.Et which, in turn, tarnishes the independence of the Federal Reserve Central Bank.

"This puts the right Fed mid-politics," Holtz-Eakin said in an interview. "The risk of politicization of the US Federal Reserve, running a higher inflation and increasing international tensions are that the benefits outweigh the costs.?

Rep Mike Pence, R - IND., a criticism of the Fed bond purchase programme says it plans to introduce a bill that would change the mission of the fed to concentrate solely on keeping inflation at cocher.Actuellement, the US Federal Reserve has a 'dual mandate' Congress: to maintain inflation and unemployment faible.PENCE said it concerns, among other things, the Federal Reserve program would result in a dangerous surge in inflation.

? 2010 The Associated rights Press.Tous réservés.Ce hardware cannot be published, broadcast, rewritten or redistributed.

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Index of standard & Poor 500 finish 0 8pc higher 1,193.57, its highest end since May 3, on polling day. The Dow Jones Industrial Average ended at its highest level since April 26, 0 8pc 11,188.72 closure.

Amounting to anemic recovery of the economy, investors frustration appears hopeful that seizure of likely Republican control in the House of representatives and the huge gains in the Senate could force policies more favourable for companies who need jobs manquants.Avec Americans vote again in the extreme west of the country, the Republicans have been chalking already important victories over East.

A Chamber under Republican control of representatives would be equipped to provide a further and influence on the policies of President Obama review. Health administration, which will be hand 30 American m for the first time, health care reform has proved unpopular with companies which complained that it adds to their costs at a time when the recovery remains fragile.

Even if there is a considerable fear that a Washington divided will result in deadlock, history suggests that the US stock market performs well when a Republican Congress and a Democrat to the maison-blanche.S & P generated 15pc average annual gains.

The first real test of the new balance of power between the White House and Congress will discuss Division. tax reductions in 2001 tax cuts and George Bush's 2003 shall expire at the end of the year, and President Obama is committed to expanding their persons with an income less than $200,000.Republicans argue that reductions should be extended to the wealthiest Americans as they claim that his group is more likely to invest and create jobs.

"The elections have the opportunity to have a positive impact, said Barry Knapp, who leads a Barclays Capital stock strategy in New York." A full extension of the tax cuts would give business confidence boost.?

However, as most of the financial markets in a week described as "sensory overload", Mr. Knapp will be paying more attention to upcoming relocation of quantitative easing (QE) - Federal Reserve or printing money .Wall Street now expect the Fed Chairman Ben Bernanke release today another $500bn of EQ to reduce long-term interest rates and to stimulate investment in economy facing serious headwinds.

Whatever the size of the move, it will be more controversial than the first EQ, entered in the months after the financial system collapsed in late 2008, nearly took world investors elle.Certains economy remain skeptical that first, 1.7 trillion dollars injected into the economy helped and fear that it could fuel inflation.

"Fed Chairman Bernanke has made it clear that he would do everything what it can do so that the US economy pull a Japan" said Joseph Balestrino, fixed income strategist to Federated Investors Inc. in Pittsburgh, which manages the $336bn."" means a risk reduced double dip, plus.Nous alone are simply not convinced that however much pushing us Federal Reserve, he may change the rut of slow growth in that we're stuck."

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Mr. Murdoch said that donations have been "in the interests of the country". Photo: BLOOMBERG

News Corp., the owner of the Wall Street Journal, the New York Post and the channel of Fox News, the United States had caused controversy by giving 1 m $ in the last three months to two Republican candidates in the elections of November Congress promotion organizations.

The 1 m $ released both the Republican administration Association and the Chambers of commerce had concern among some shareholders on the question of whether donations were in the best interest of the company.

Media mogul says annual general meeting of News Corp. in New York that although donations have been "unusual", the company is because it is "in the interest of countries, the shareholders and everyone prosperity there is an amount just for change in Washington."

Sir Rod Eddington, the former boss of British Airways and now head of the News Corp, audit committee said that the Board approved political donations based on the recommendations of management of the company and after referring to his or her legal advisor.News Corp. may consider making the process more transparent, he said.

The administration of President Obama fired strongly criticized some entrepreneurs to hamper the economic recovery by extending the scope of the Government on Wall Street and the health care system.

Coloured in the Amphitheatre of the Hudson River, close to the Manhattan times square meeting Mr. Murdoch was submitted to a mixture of criticism and praise of the ten shareholders who took to the floor.

When asked if he would retire when he turned 80 next year, Mr. Murdoch stated that "when my health, I get out of the way, but not before that happens."Blames for his salary by a shareholder who has said that the Investor Warren Buffett only paid himself $100,000 per year, Mr. Murdoch rejected comparison. ""I have a fraction of the richness of Mr. Buffett.Il must sell some shares every year have billions to play with."

Mr. Murdoch was also denied a report in the Daily Mirror, whom he had met in 10 Downing Street within 24 hours of the Conservative leader David Cameron becomes first ministre.Il said that he had been invited to meet with Mr. Cameron a few weeks after the election and it lasted about five minutes.

In Britain, News Corp generates concern among media organizations with its rival UK take complete control of BSkyB, in which it already possesses almost 40pc of.

A number of media, including the owner of the Daily Telegraph and Sunday Telegraph, Telegraph Media Group organisations as well as managers of the Guardian Media Group and Associated News, owners of The Daily Mail, this week signed a letter asking for regulators to examine the acquisition of control.

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