Schaeuble Calls Fed’s Injection of $600B “Clueless”

German Finance Minister Wolfgang Schaeuble swiped at European Central Bank President Jean-Claude Trichet and U.S. Fed Chairman Ben Bernanke, distancing Europe’s biggest economy from policies born of the financial crisis. Speaking in Berlin today, Schaeuble said the Fed’s injection of $600 billion was “clueless” and won’t revive growth. He said he didn’t share Trichet’s concerns that making investors pay for future euro-area crises risks roiling markets. – BW