“Bernanke: China ‘Risking Inflation’ With Currency Policy”
“Federal Reserve Chairman Ben Bernanke said China is “risking inflation” in its own economy, while threatening other nations, by not allowing its currency to appreciate.
In an interview with CBS’s “60 Minutes” posted on the program’s Web site, Mr. Bernanke said China’s policy was “not even in their own interest” in addition to hurting others. “Keeping the Chinese currency too low is bad for the American economy, because it hurts our trade,” he said. “It’s bad for other emerging market economies. It’s bad for China. Because among other things, it means that China can’t have its own independent monetary policy.”” Read more.
“Bernanke: China ‘Risking Inflation’ With Currency Policy”
Sudeep Reddy
Wall Street Journal, December 6, 2010.
Image by graur codrin / FreeDigitalPhotos.net.
