Goldman Sachs Defends Bernanke's Plan to Buy Assets
The Fed's plan to buy $600 billion of assets will improve growth and reduce the risk of deflation, economist Jan Hatzius wrote in an e-mail to clients, Bloomberg News said.
The governments of China, Germany and Brazil have all criticized the plan, saying it will hurt the global economy.
Bernanke defended his policies and dismissed the notion that the purchases will stoke U.S. inflation.
"I have rejected any notion that we are going to raise inflation to a super-normal level in order to have effects on the economy," Bernanke said on Nov. 6.