Flaherty Anti-QE Stance Opens Central Bank, G-20 Rift

Canadian Finance Minister Jim Flaherty’s criticism of U.S. monetary policy, which he ramped up last week in Washington, may be putting him at odds with the Bank of Canada and the Group of 20.

Flaherty said he criticized the Federal Reserve’s use of unconventional monetary policy known as quantitative easing at a private dinner of G-20 officials on Oct. 10, with U.S. Federal Reserve Chairman Ben S. Bernanke in attendance.