The chairman of the United States Federal Reserve has long been hailed as the most powerful man in global finance. But today, Ben Bernanke's responsibility is even heavier than usual, as the world looks to Washington for a way out of financial uncertainties.
Earlier this month, Bernanke told the US Congress he is prepared to push further expansion of monetary stimulus if needed, despite criticism that he would be fuelling inflation. He says the Fed's remaining tools to boost growth include its pledge to keep interest rates low, at least until mid-2013.
Our understanding is that Washington is ready to help when necessary, and that interest rates will remain low. This information is useful for property investors, as they search for directions amid market uncertainties.
On a different road, in our special report on luxury motors, we welcome back William Wadsworth, who provides some directions for us on the latest technology in high-end cars, and highlights of the Frankfurt Motor Show.
