Daily: On the Currency Wars and Bernanke’s Defense of Fed Policy

I was on BNN's headline yesterday (video here) talking to Howard Green and Brian Milner about the IMF and China. Fed Chairman Bernanke's defense of QE and zero rates was a big piece of that conversation. I believe Bernanke's defense is largely meaningless because he is clearly going to have to make an intellectual argument to defend Fed policy. And he has done this. I am a lot more sceptical about what QE and permanent zero mean.
What's more interesting is that IMF head Christine Lagarde used h...


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