3/26/2013

The Federal Reserve's monetary easing is good for the world economy, Chairman Ben Bernanke said as he highlighted the distinction between using policy to accomplish domestic objectives and entering into protectionist measures. "Because stronger growth in each economy confers beneficial spillovers to trading partners, these policies are not 'beggar-thy-neighbor' but rather are positive-sum, 'enrich-thy-neighbor' actions," Bernanke told academics in London.

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