New York

Draghi defends QE, says created 7 mn jobs in 4 yrs (2)

Bernanke agrees

Draghi defends QE, says created 7 mn jobs in 4 yrs (2)

New York, October 12 - European Central Bank President Mario Draghi defended quantitative easing at a conference with former Fed chief Ben Bernanke, saying the policy had helped create seven million jobs in four years. Bernanke chided the idea that QE distorted the markets, saying "it's not clear what that means". Draghi has faced criticism, especially in German banking circles, for his QE policy.

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