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FBN’s Liz MacDonald with news that the Federal Reserve is “standing ready” with funds to help the EU crisis in the short-term.
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All right so let's get back to this Europe's central banks are they strong enough to pump enough cash into the -- Arizona save it are they gonna look -- -- like everybody else says.
And the US Federal Reserve to come to the rescue yet again.
With a McDonald's spoke to the Federal Reserve and he's here with Mac's bottom line -- comes us.
Yeah you know the issue to isn't Europe as a tersely.
Been about fighting inflation so they're really reserved about printing more euros.
So we haven't cuts at the Federal Reserve they do -- is they are standing ready and they are prepared to act.
And another survey that is really rattling the markets came at a UBS about -- central bankers.
Who are the reserved managers -- that they there was allocate the reserve assets.
And sovereign wealth on this guy's a -- HIN assets take a look at this Tracy even -- -- 75% on the save one country.
Will drop out of the -- zone in the next five years.
Another quite 5% say one or more will drop the Euro in the next nine years physically stunning numbers and then also that are served.
Is telling us look we will -- and we are ready to act.
Take a listen to what Ben Bernanke take a look at what he said last week the congress Federal Reserve remains prepare to take action.
If needed to protect the US financial system and economy in the event that financial stress escalates because Ben Bernanke is saying there is significant -- for the US economy and the economic recovery so the national if we -- -- -- the money eventually comes back to us yet that is an -- and what we're talking about -- dollars swaps they won't hit the level that we saw in 2008600.
Billion they haven't just yet.
He could see right here that they went from like a 110 billion at the beginning of the year turning down a 2.5 billion this is how it's gonna come down basically swapping dollars.
For euros to provide liquidity into the so.
Swap that yet again we're getting Bob -- the McDonald we don't have them.
Apparently nobody there -- I coming up we get a lot more from Massey web -- -- But up next child maybe -- your -- that -- -- else.
Always profits.
