Bernanke Dismisses Charges He Is Debasing the Dollar

Fed Chairman Ben Bernanke hit back on Friday at critics of the U.S. central bank’s $600 billion bond-buying program, saying a more vigorous U.S. economy was essential to fuel the global recovery. Mr. Bernanke also dismissed charges he was debasing the greenback. “The best way to continue to deliver the strong economic fundamentals that underpin the value of the dollar, as well as to support the global recovery, is through policies that lead to a resumption of robust growth in a context of price stability in the United States,” Bernanke said in a speech to a conference at the European Central Bank in Frankfurt. – Reuters

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