Reply #18: Ya mean this little blurb of fantasy?

[54anickel]

WASHINGTON, March 23 (Reuters) - Federal Reserve Chairman Ben Bernanke said in a letter released on Thursday that the U.S. economy would not necessarily suffer a big hit if global capital flows shifted away from the United States.

"Should such a development occur, it might be associated with a decline in the value of the dollar and a narrowing of the U.S. trade deficit," Bernanke said in a letter to Democratic Rep. Harold Ford of Tennessee.

"Neither of these events would be likely to threaten U.S. growth or boost inflation and interest rates to a worrisome extent," he added.

The letter was in response to a written question submitted in conjunction with a Feb. 15 hearing on monetary policy held by the House of Representatives' Financial Services Committee.