IMC Q&A

Bernanke says US consumer is in good

Bernanke said mkts are effective risk mgrs. Trichet said US and
Euro areas are doing better in anchoring inflation expectations.

Muto said it is hard to predict future BOJ policy, BOJ does not
have preconceived way to exit ZIRP.

Bernanke says financial conditions are not a concern.

Bernanke said can compensate for long bond moves via short rate
adjs, but shape of curve complicates mon policy analysis.

Bernanke says mon policy too blunt a tool to manage asset
prices. Must gauge how asset prices impact the economy.

Bernanke says affect of data on forecast determines policy
response.

Bernanke says China should depend less on exports.

Muto says not to read too much into bank reserve balance day
fluctuations, BOJ is keeping o/n rate at zero.

Muto said BOJ is not targeting lower saving in Japan. Trichet
downplayed any opting out of Euro currency.

Bernanke says is taking a more global view of policy, but focus
remains on domestic macro effects.