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MrWhy.com » Videos » US Fed Chief Says China Monetary Policy 'Counterproductive' |
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US Fed Chief Says China Monetary Policy 'Counterproductive'
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US Fed Chief Says China Monetary Policy 'Counterproductive'
U.S. Federal Reserve Chairman Ben Bernanke sparred with lawmakers Wednesday, defending his $600-billion bond-buying program as necessary to reduce the nation’s high unemployment. But his most pointed comments were aimed across the Pacific at China's recent interest rate hike. In his first congressional hearing since Republicans took control of the House of Representatives last month, Bernanke applied pressure on China to raise the value of its currency. Mil Arcega has more.
Video Length: 0
Date Found: February 09, 2011
Date Produced: February 09, 2011
View Count: 0
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