Join our network of non-profits, companies and individuals who believe social change can happen through design.

Become A Member
avatar

alastriona warlikeshine

kobenhavn, denmark, Denmark

writer

Member since October 17, 2012

  • Cooper Chung international : astrionawa - Bernanke defends Fed against international criticis -

    Communication, Communication Design

    http://www.design21sdn.com/people/82750/posts/21542 HONG KONG (CNNMoney) -- Federal Reserve Chairman Ben Bernanke defended the central bank Sunday, insisting that its actions had not hindered economic growth in developing countries. Fed policies -- especially continued quantitative easing -- have been criticized by some in the international community who say the actions are distorting currency markets and capital flows in emerging economies. Officials in some of those markets -- including China -- have voiced concern that the Fed's easy-money policies have the potential to create asset bubbles, currency appreciation and inflation. Guido Mantega, Brazil's finance minister, has beenparticularly critical of the Fed, alleging it has contributed to a "monetary tsunami" that is hindering growth. The Fed announced last month that it would embark on a third round of bond-buying stimulus. The policy, known as quantitative easing and often abbreviated as QE3, entails buying $40 billion in mortgage-backed securities each month. But Bernanke argued Sunday that those policies are not to be blamed for trouble in emerging markets. "It is not at all clear that accommodative policies in advanced economies impose net costs on emerging market economies," the Fed chief said during a speech in Tokyo, Japan. Bernanke said that capital flows are influenced by many factors, and changes cannot be attributed wholesale to the monetary policy choices of developed economies. Instead, policymakers in the developing world have great influence over capital flows, Bernanke said. See more: http://www.wellsphere.com/cooper-chung-international-article/cooper-chung-international-hong-kong-news-l-bernanke-defends-fed-against-international-criticism/1761257

Leave a Response

Fields marked * are required


No file selected (must be a .jpg, .png or .gif image file)


Once published, you will have 15 minutes to edit this response.

Cancel