Fed’s Clueless ?

Increasing liquidity

The Fed’s decision to buy $600 billion of government debt has drawn scathing comments from nations which contend it is generating global instability by strengthen their currencies against the dollar, inflating asset bubbles and fueling inflation in their economies. From Berlin German Finance Minister Wolfgang Schaeuble pronounced, “With all due respect, U.S. policy is clueless.” (Source: Bernanke answers Fed’s global critics – The Economic Times.)