July 17. Federal Reserve Chairman Ben Bernanke did not rule out possible interventions on the FX market. “Our primary policy towards the dollar is solid economy. FRS has a mandate to sustain firm economic growth and price stability and it seems that if we work efficiently to attain this goal, a strong dollar in the mid term will reflect a good status of the economy” – he said. “Market intervention is a policy that was pursued several times. I suppose this is necessary to do only rarely, but there are conditions when markets are erratic and a certain temporary action may be justified. But I think that in the long-term outlook the dollar’s performance, in reality, depends on fundamentals, so it is essential for us to bring these indicators to the proper level” – Bernanke said.