Financial Crisis/Currency War Worsens As World Powers Condemn U.S. Fed Moves On U.S. Currency

Photo: President Barack Obama speaks during a joint news conference with Indian Prime Minister Manmohan Singh after their meeting in New Delhi November 8, 2010. Credit: Reuters/B Mathur

President Obama Returns Fire After China Slams Fed's Move -- Reuters

(Reuters) - President Barack Obama defended the Federal Reserve's policy of printing dollars on Monday after China and Russia stepped up criticism ahead of this week's Group of 20 meeting.

The G20 summit has been pitched as a chance for leaders of the countries that account for 85 percent of world output to prevent a currency row escalating into a rush to protectionism that could imperil the global recovery.

But there is little sign of consensus.

Read more ....

More News On World Criticism Of U.S. Fed Moves On U.S. Currency

Obama defends Fed's steps to aid U.S. economy -- L.A. Times
Obama defends Fed from foreign onslaught -- AFP
Obama sidesteps question on Fed monetary policy -- AP
Obama dodges weaker greenback issue -- CBC
Bernanke Defends Bond Purchases, Predicts Stronger Growth -- Bloomberg

Germany attacks US economic policy -- Financial Times
G-20 Nations Criticize U.S. Fed's $600 Billion QE2 Stimulus -- Daily Finance
China not too happy with Fed's QE2 - -International Business
G20 Finds Common Ground Opposing U.S. -- ABC News

How The Fed Is Threatening Your Retirement -- Charlie Farrell, CBS News
Is the Fed engaging in currency war? -- Felix Salmon
Markets: Reinflating a bubble -- Simon Avery, Globe And Mail
Folly of QE2: Commentary and weekly watch by Doug Noland -- Asia Times
The Fed: Dump the Dollar, Save the Economy -- Wall Street Journal
Who manipulates the currency -- China or the U.S.? -- Jan hancock's Blog/Baltimore Sun