Mantega Says U.S. Throwing ‘Money From a Helicopter’
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Brazil’s Finance Minister Guido Mantega said he’s not considering additional currency measures even as the U.S. throws “money from a helicopter” in a bid to boost economic growth.
Mantega said the Federal Reserve’s decision yesterday to inject $600 billion into the economy through debt purchases won’t work and increases the risk of asset bubbles forming around the globe. He said President Luiz Inacio Lula da Silva will urge the U.S. to change its policy next week when he attends the Group of 20 nations summit in Seoul, South Korea.