Putin says Fed stimulus pullback expected, necessary
ST PETERSBURG, Russia, June 21 (Reuters) - Russian President Vladimir Putin said on Friday that the flagging of a withdrawal of U.S. monetary stimulus by Federal Reserve Chairman Ben Bernanke was an expected and necessary development.
"This statement was expected - a correction had to come sooner or later," Putin told investors at an economic forum in St Petersburg.
Putin, a long-time critic of Western policies of so-called quantitative easing, added that central banks couldn't keep pumping liquidity into their economies indefinitely, stressing the importance of tackling underlying problems.
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