Federal Reserve Chairman Ben Bernanke Has Criticized Countries

U.S. Federal Reserve Chairman Ben Bernanke has criticized countries like China that run large trade surpluses.

"Sub-monetary valuation of surplus countries inhibitory need for international regulation," he said in a speech to the European Central Bank.

He said that with the purchase of dollars, these countries were detrimental to the recovery in the U.S. and world economy.

He also defended the Fed's policy of "quantitative easing", which has been criticized in China and Germany.

China, Germany and others have been attacked by the Federal Reserve in recent weeks for its decision to buy another $ 600 billion offering of debt the U.S. government to promote the U.S. economy.

To say that the policy unfairly devalue the dollar exchange foreign market, and that this may lead to inflation and asset bubbles in other parts of the world.

China has also said that the Fed did not take into account its responsibility to protect the value of the dollar as global reserve currency.

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