Bernanke Takes Defense of Monetary Stimulus Abroad, Turns Tables on China
Nov-19-2010--US Federal Reserve Chairman Ben S. Bernanke is confronting criticism from officials in countries including China and Brazil who say the Nov. 3 decision to buy $600 billion in Treasury securities has weakened the dollar and contributed to flows of capital to emerging markets. The policy has also come under fire in the U.S., where critics including Republican members of Congress have said it risks fueling inflation and asset bubbles.
THE BELL: US Stock Futures Down; China Ups Reserve Ratio
Bernanke hits back at Fed critics
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