Schaeuble says must ensure high liquidity does not create bubbles

BERLIN Wed Jan 8, 2014 7:30am EST

BERLIN Jan 8 (Reuters) - German Finance Minister Wolfgang Schaeuble said on Wednesday that high liquidity levels must be monitored closely to ensure they were not creating new asset bubbles.

"We must keep a watch on liquidity levels to ensure new bubbles aren't being created," Schaeuble said at a news conference with visiting U.S. Treasury Secretary Jack Lew.

Schaeuble added that it was not up to politicians to tell central banks how to do their jobs.