Germany Blasts Bernanke Results of Fed Stimulus Could Be 'Horrendous'

German Finance Minister Wolfgang Schäuble has sharply criticized the US Federal Reserve's decision to pump a further $600 billion into the country's ailing economy. He says the move could create problems for the global economy. Others have joined in the condemnation.
The US Federal Reserve announced this week that it was pumping an additional $600 billion into the US banking system.

The US Federal Reserve announced this week that it was pumping an additional $600 billion into the US banking system.

Foto: JO YONG-HAK/ REUTERS
cgh -- with wire reports