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The Boston Globe

Business

Fed’s Ben Bernanke defends stimulus policies

Does not foresee a currency war

WASHINGTON — Chairman Ben Bernanke said Monday that the Federal Reserve’s low-interest-rate policies are helping to boost growth around the world, rejecting criticism they could lead to a global currency war.

In a speech at the London School of Economics, Bernanke staunchly defended the Fed’s policies and similar stimulus efforts pursued by other central banks since the 2008 financial crisis.

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