Bernanke came under fire at a performance in Tokyo. Brazil, China and other developing countries filed a claim against the main helicopter pilot, that his QE policy is harmful , strengthening the currencies of other countries and putting pressure on their exports and does not have much impact on the US economy.
Ben answered, that this is not so, everything is unambiguous.
Chief critic of Montega,Brazilian finance minister, quoth, what “advanced countries should not(can't) pull yourself out of the crisis at the expense of developing countries”. He called the Fed's actions selfish.
Anton Siluyanov also expressed his concerns.
Shortly speaking, Bernanke defended his position.
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