Journal 11-18 - said that tensions among nations have...

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Aakash Shah 11/18/2010 Professor Reaves Introduction to Business Federal Reserve Chairman Ben Bernanke on Friday defended the central bank’s plan to spur United States economic growth, saying they could help reduce unemployment, and in a message aimed at China urged developing nations to let their currencies gain in value. Bernanke said at a conference that the nations around the world need to work together to correct the global imbalances as the world economy recovers at an uneven pace. As Bernanke said this, he also
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Unformatted text preview: said that tensions among nations have intensified. Basically Bernankes main point was that officials in emerging markets have prevented the appreciation of their to the detriment of developed countries, something similarly said by Obama administration in recent weeks of criticism of China. Bernankes final words were that tensions among nations over economic policies have emerged and intensified, potentially threatening our ability to find global solutions to global problems....
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