WASHINGTON — 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.

Bernanke also defended the Fed against charges it started a "currency war" with its "quantitative easing" policies as he presented the Fed's semi-annual Monetary Policy Report to Congress before the Senate Banking Committee. He said Fed monetary stimulus measures are aimed at domestic objectives, not exchange rates.

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