The decision by the United States Federal Reserve to pump $600 billion into the nation's economy by buying U.S. Treasury Bonds has sparked international criticism led by Germany and China.
China and Germany represent the world's second- and fourth-largest economies respectively. In addition, they were joined by Brazil and South Africa in criticizing the "quantitative easing." Quantitative easing is the economic term for buying assets to attempt to boost the economy and lower unemployment.
However, Germany, China, Brazil and South Africa allege that the scheme will not help the U.S. economy and will instead create more problems in the rest of the world. Quantitative easing is expected to lower the value of the dollar, which will make U.S. exports cheaper in world markets.
For more: Germany, China Lead International Criticism Of Decision By U.S. Federal Reserve To Buy $600 Billion In Bonds | AHN
China and Germany represent the world's second- and fourth-largest economies respectively. In addition, they were joined by Brazil and South Africa in criticizing the "quantitative easing." Quantitative easing is the economic term for buying assets to attempt to boost the economy and lower unemployment.
However, Germany, China, Brazil and South Africa allege that the scheme will not help the U.S. economy and will instead create more problems in the rest of the world. Quantitative easing is expected to lower the value of the dollar, which will make U.S. exports cheaper in world markets.
For more: Germany, China Lead International Criticism Of Decision By U.S. Federal Reserve To Buy $600 Billion In Bonds | AHN
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