The Federal Reserve’s gradual push towards higher interest rates shouldn’t be blamed for any roiling of emerging market economies, which are well placed to navigate the tightening of U.S. monetary policy, Fed Chairman Jerome Powell said.
In a speech that argued U.S. decision-making isn’t the major determinant of flows of capital into developing economies, Powell said the influence of the Fed on global financial conditions should not be overstated, despite it being blamed five years ago for the so-called taper tantrum.
“There is good reason to think that the normalization of monetary policy in advanced economies should continue to prove manageable for EMEs,” Powell said at a conference sponsored by the International Monetary Fund and Swiss National Bank in Zurich on Tuesday. “Markets should not be surprised by our actions if the economy evolves in line with expectations.”
Steady Ship
-
FEEDFor all of its insanity in the late 1990s, Amazon has turned into a
placid, stable, and frankly boring stock. That’s no problem for the bulk of
people ...
No comments:
Post a Comment