WASHINGTON - In an unusual move, Federal Reserve Board Governor Wayne Angell bluntly criticized Germany's central bank yesterday for keeping interest rates high and slowing growth in the rest of Europe.

Appearing before a group of accountants, Mr. Angell also said Fed officials are determined to protect the value of the dollar in foreign exchange markets and avoid rate cuts that reignite inflationary fears in the bond market.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.