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Bernanke Defends Fed Policy; Denies Starting A Currency War
Market News International | Tuesday, February 26, 2013
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Federal Reserve Chair Ben Bernanke reasserted his belief that the economic benefits of the Fed's easy money policies outweigh their financial risks and denied he is too much of a monetary "dove" as he responded to legislators' questions Tuesday.

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Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.

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