Bernanke Tackles China's Currency Peg

Posted by scapozzola on 11/19/2010

MANUFACTURETHIS isn't the only voice calling for China to stop manipulating its currency.  Federal Reserve Chairman Ben Bernanke says that China is distorting global markets by preventing its currency from strengthening, even as its economy booms.

At a banking conference in Frankfurt today, Bernanke said that China and other emerging markets are allowing their economies to overheat, preventing trade imbalances from adjusting.  He deemed this a "two-speed" global recovery.

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