US Fed sensitive to effects on emerging markets: chairman
Published: 21:37 BST, 26 September 2018
Federal Reserve Board Chairman Jerome Powell said rising US interest rates can put pressure on emerging markets, especially those with high dollar-denominated debt
US central bankers are aware policy changes can put emerging economies under stress, but must focus on the domestic economy, Federal Reserve Chairman Jerome Powell said Wednesday.
However, the Fed makes extra effort to be transparent in communicating its moves to markets, so they can be prepared for interest rate changes, Powell said.
https://www.dailymail.co.uk/wires/af...-chairman.html
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