Analysis: German tempers fray as U.S. policy gulf widens | Reuters

“Finance Minister Wolfgang Schaeuble, 68, said last week that the U.S. Federal Reserve decision to buy $600 billion of government bonds undermined U.S. credibility and was ‘clueless.’ There was no point, he said, in pumping money into the markets.
China and Brazil were among those echoing his comments but U.S. officials were particularly stung by Schaeuble and German Economy Minister Rainer Bruederle saying the Fed move amounted to ‘indirect manipulation’ of the dollar to boost exports; this at a time when Washington is criticizing China for exactly the same kind of strategy.”

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