Ben Bernanke On The Global Economy And Monetary Policy

The Chairman of Federal Reserve presents his views on how monetary policy is being used to deal with domestic demand problems.  He contrasts his use of monetary policy with trade policies during the Great Depression that attempted to stimulate domestic demand by tariffs and currency depreciation.  He does not believe that the Fed's  easy money policies has had a negative impact on emerging market economies that are dependent upon exports and stable exchange rates.