New Chairman Ben Bernanke the Fed's "five challenges"

79-year-old United States Federal Reserve Chairman Greenspan had to retire on 31 January, his position by the United States President's Council of Economic Advisers Chairman Ben Bernanke, to succeed. Ben Bernanke after taking office in maintaining economic growth, faces numerous challenges.

Challenge 1: end the fed, nearly two years of the interest of timing problems. Current United States economic growth has slowed, if monetary policy to maintain the long, United States economy is in a recession. But if early action in oil prices high background, inflation is likely to lose control. Ben Bernanke's decision to millions of consumers, investors and enterprises of the financial activities of decisive influence.

Challenge II: trade and fiscal deficit. Double deficit problems exist for a long time is always the danger of the United States economy, Japan, China and the United Kingdom the United States Government bonds of the largest investors lose confidence, reduction of United States bonds, United States economy is in trouble. At present national asset allocation diversified action has started to become apparent.

Challenge 3: high oil prices. High oil prices will restrain consumption, employment and overall economic activity, and enterprises will be the price increase of costs to consumers will undoubtedly increase inflationary pressures. And Ben Bernanke has always respected the inflation targeting policy also will be tested.

Challenge 4: United States real estate market overheating issues, real estate industry in recent years in support of overall economic growth in the United States played an important role, but currently this market is cooling trend. Once the real estate industry cooling too, will give the United States economy hit. For this reason, Ben Bernanke and his colleagues have early planning responses.

Challenge 5: how to communicate with the other countries of the central bankers to maintain good relations. Ben Bernanke, profound academic accumulation and good reputation, but as the new Chairman of the fed, his shoulders a burden is not easy. Ben Bernanke will find that "his greatest challenge is how to put himself in order to play."