Bernanke Says Easing by Advanced Nations Helps World Economy

Federal Reserve Chairman Ben S. Bernanke said low interest rates in advanced nations benefit the world economy while not creating a disruptive diversion of trade through weaker currencies.

“The benefits of monetary accommodation in the advanced economies are not created in any significant way by changes in exchange rates,” Bernanke said today at the London School of Economics. “They come instead from the support for domestic aggregate demand in each country or region,” he said, speaking on a panel with Bank of England Governor Mervyn King.