BoE's King: Financial crisis is far from over

In an event at the London School of Economics attended by central bankers including Mark Carney, Mervyn King (pictured) added the path to economic recovery is unlikely to run smooth, the Telegraph reports. "Whichever crisis we are talking about, it is far from over," he said on Monday. "There will surely be many unexpected twists and turns before we can truly say that the crisis is indeed over." Bernanke, the chairman of the Federal Reserve, defended the US central bank's aggressive money printing, and argued that America's loose monetary policy has been supportive of other nations. ...