Cool Video: Bernanke Responds to Rajan's Criticism

This Cool Video is from CNBC. Former Federal Reserve Chairman Bernanke was in the audience of a conference at Brookings Institution. The Governor of India's central bank Rajan critiqued the Federal Reserve's unconventional policies and the spillover effects.   He essentially laid India's financial problems at the feet of the Federal Reserve, quantitative easing, tapering and forward guidance.  

Ironically, in order to help minimize the repeat of past Fed tightening cycles, the Federal Reserve gave the world a long advanced warning of the pending shift in policy. Moreover, rather than deliver it in September 2013, which many (though not us) expected, the Fed waited an extra three months. Bernanke responded to the criticism, in a way that perhaps only he can.