Bernanke speech to appease the market sentiment

Federal Reserve Chairman Ben Bernanke’s speech on Monday night seemed to a certain extent to appease investor nervousness. Bernanke told the media that he believes the U.S. economy will not fall into the second recession, and leaders of European countries take some measures to inhibition deficit rising have played a role in promoting,he also said that the U.S. economy will continue to recover, but the force of recovery is not enough to make the unemployment rate decline rapidly.

However, Fitch rating agency raised the early warning of the financial position of the United Kingdom,it added investors’ concerns about the European sovereign debt crisis, Fitch rating agency said it is hard to deal with the financial challenges facing the UK, and that the current government should accelerate the implementation of the former Labour Party government in April 2010 disclosed in the budget deficit reduction plan
Britain is ready to substantially reduce the deficit. The new Prime Minister David Cameron (David Cameron), warned the British public should be prepared for more stringent measures to reduce the budget. And the United Kingdom similar to the German government also announced plans to cut the next four years’80 billion euros (95.6 billion U.S. dollars) budget.