US Fed chief Bernanke defends monetary easing against global criticism

The head of the US Federal Reserve on Sunday defended the central bank’s monetary easing measures after criticism that stimulus was to blame for destabilising capital flows around the world.

Ben Bernanke said the trillions of dollars that the Fed has pumped into the world’s biggest economy in recent years was not only aimed at stoking growth at home, but also helping the wider global economy recover.

via Business feed http://www.scmp.com/business/economy/article/1060888/us-fed-chief-bernanke-defends-monetary-easing-against-global