Today: Bernanke defends Fed action, calls for unity

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Nov 19, 2010

Bernanke defends Fed action, calls for unity

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NEW YORK (CNNMoney.com) -- Federal Reserve Chairman Ben Bernanke on Friday defended the central bank's plans to spur U.S. economic growth, saying they could help reduce unemployment, and -- in a message aimed at China -- urged developing nations to let their currencies gain in value. Nations need to work together to correct global imbalances as the world economy recovers at an uneven pace, the Fed chairman said at a banking conference in Frankfurt, Germany

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