Copying and distributing are prohibited without the permission of the publisher. If you wish to distribute this content please contact Christopher Hunt (firstname.lastname@example.org) for a quote.
Subscribe today: Order Euromoney by contacting us on +44 (0)20 7779 8999 (UK) or +1 212 224 3570.
Fed defends quantitative easing amid ‘currency war’ fallout
Federal Reserve vice-chairman Janet Yellen launched a robust defence of the US central bank’s policy of quantitative easing in Tokyo on Wednesday, claiming its positive contribution to global growth outweighed the negatives, principally excessive exchange-rate appreciation in emerging economies.
To receive similar stories, sign up for Forex emails.