Bernanke defends QE2 on global stage

Fed is not cause of destabilizing capital flows, he says

WASHINGTON (MarketWatch) — Stung by criticism about the negative spillover effects on the global economy of the Federal Reserve’s $600 billion bond-buying program, Fed Chairman Ben Bernanke issued a strong defense of the policy Friday as central bankers and finance ministers gathered in Paris for this weekend’s Group of 20 meeting. Entire Article