Bernanke defends Fed against international criticism

According to CNNMoney’s Charles Riley 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 been particularly critical of the Fed, alleging it has contributed to a "monetary tsunami" that is hindering growth……………………………………………………………………………………………………….Read all about it at http://money.cnn.com/2012/10/15/news/economy/bernanke-fed-criticism/index.html?iid=SF_BN_LN