The global economy would see little benefit if the world's central bankers coordinated monetary policy, a top Federal Reserve official said on Monday in defense of America's easy money stance. To ... more 
The global economy would see little benefit if the world's central bankers coordinated monetary policy, a top Federal Reserve official said on Monday in defense of America's easy money stance. To fight a recession and nurse the U.S. economy back to health, the Fed has held short-term interest rates near zero since 2008 while printing trillions of dollars to buy up bonds. This strategy has provoked concern among the world's central banks, particularly in developing economies where some policymakers worry Washington's exotic stimulus programs are destabilizing financial markets. St. Louis Federal Reserve Bank President James Bullard weighed in against this strategy. less 
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Mon, Apr 7, 2014 1:03 PM EDT