STONE MOUNTAIN, Ga. - Federal Reserve Chairman Ben Bernanke Monday maintained his argument that the Fed is not engaged in "beggar thy neighbor policies," and that the aggressive monetary policy measures now being implemented by central banks in advanced economies are "mutually constructive."

Taking questions from the audience after a speech at the Atlanta Fed's Financial Markets Conference, Bernanke also said paying interest on reserves will the principal tool in the Fed's exit strategy, with sales from the Fed's swollen balance sheet not occurring until late in the process.

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