October 25, 2010
- A d v e r t i s e m e n t
German Economy Minister Rainer Bruederle on Saturday took issue with what he called a U.S. policy of increasing liquidity, saying it indirectly manipulated exchange rates.
The U.S. Federal Reserve is widely expected to embark on a fresh round of asset purchases to prop up the economy.
“There was criticism of the American policy of monetary easing, or creating more liquidity,” Bruederle said after a meeting in South Korea of finance officials from the Group of 20 economic powers.
“I tried to make clear in my contribution to the discussion that I regard that as the wrong way to go,” he said.
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