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News Link • Federal Reserve

Bernanke: Don't blame easy money for capital swings

• Reuters

U.S. Federal Reserve Chairman Ben Bernanke defended easy money policies in advanced economies against the charge they are overheating emerging markets, saying factors such as exchange rate rigidity are also to blame.

Speaking ahead of an economic summit in Paris that will include many critics of the Fed's aggressive bond buying program, Bernanke acknowledged that strong capital flows from advanced economies to emerging markets may be having negative spillover effects.

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