US Federal Reserve Chairman Ben Bernanke on Monday rejected worries that the world's troubled large economies were competitively cutting their currency values and hurting smaller, healthier ones in the process.
Federal Reserve Board Chairman Ben Bernanke listens during a news conference at the Federal Reserve headquarters March 20, 2013 in Washington, DC. Bernanke on Monday rejected worries that the world's leading economies were competitively cutting their currency values.
Bernanke told an audience at the London School of Economics that, although the exchange rates of some major economies have fallen, the policies are aimed at boosting growth and "confer net benefits on the world economy as a whole."
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