WASHINGTON (October 14, 2012)—Federal Reserve Chairman Ben Bernanke is rejecting arguments that the Fed’s bold moves to bolster U.S. job growth could have unwanted consequences in emerging market countries.
In a speech Sunday, Bernanke disagreed with criticism that the Fed's efforts to drive U.S. interest rates lower could result in higher inflation in emerging markets or trigger a destabilizing flood of investment money into those nations.
In fact, he said, the efforts of the Fed and the central banks of other industrial countries should benefit the global economy by boosting growth and providing stronger markets for the goods of developing nations.
Bernanke's speech in Tokyo was at a conference sponsored by the Bank of Japan and the International Monetary Fund.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.