Israel’s Fischer Says Bernanke Criticism ‘Misplaced’

Bank of Israel Governor Stanley Fischer said criticism of the U.S. Federal Reserve for its latest round of monetary stimulus is “fundamentally misplaced.”

“I see this as a move which is healthy for the global economy, while creating some problems for us and the rest of the world,” Fischer said in a conference call with reporters today. “I do not see it as the U.S. shirking its responsibilities. I think its main responsibility is to get itself back to health and growth as rapidly as possible.”