Federal Reserve Chairman Ben Bernanke offered a pointed rebuttal on Friday to foreign critics who say the U.S. central bank’s easy-money policies are causing inflation and asset bubbles abroad, according to The Wall Street Journal.

Bernanke said in prepared remarks that the rest of the world has an interest in the U.S. recovery that his policies are spurring. He said policy makers abroad have plenty of tools to fight inflation and asset bubbles, and that surging growth in developing countries was causing trouble for America.

“Spillovers can go both ways,” he said. “Resurgent demand in the emerging markets has contributed significantly to the sharp recent run-up in global commodity prices.”

G-20 leaders last gathered in Korea in early November, just a few days after the Fed announced its plan to purchase $600 billion in Treasury bonds. Fed officials faced criticism at the Korea meeting, particularly from China and Germany, for stoking inflation and trying to push down the dollar.

In comments since November, Bernanke has largely rejected these criticisms, saying that money was flowing there because these economies are growing so fast and added, “recent data suggest that the aggregate flows to emerging markets are not out of line with longer term trends.”