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Bernanke Defends Fed Policies in Senate Hearing

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March 1 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke defended the central bank’s easing policies at a Senate hearing, saying they have helped to create jobs even as inflation remained subdued.

“If you look back at so-called QE2 in November 2010, the concerns at the time were that it would be highly inflationary and hurt the dollar and not have much of an effect on growth,” he said today in Washington. “Looking back, I think those actions played a constructive role.”

To contact the editor responsible for this story: Chris Wellisz at cwellisz@bloomberg.net

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