In April, Chinese Premier Wen Jiabao took aim at China’s powerful state-owned banks. According to Reuters, he said at a …
currency wars
Will More Fed Easing Lead to Currency Wars?
Get ready for monetary easing 3.0. That was the takeaway from Fed chair Ben Bernanke’s speech in Minneapolis today. Bernanke didn’t indicate what form easing might take. But any of the options on offer are bound to tick off countries like Brazil and Switzerland, which are struggling to hold down the values of their currencies against the …