1. World To Fed: Get On With It.
- Author
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HARRISON, DAVID, Talley, Ian, Trevisani, Paulo, and Buell, Todd
- Subjects
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INTEREST rates , *CENTRAL banking industry , *STOCK prices , *DEVALUATION of currency , *GOVERNMENT policy , *CONFERENCES & conventions , *TWENTY-first century ,ECONOMIC conditions in developing countries - Abstract
The article states that central bankers, particularly in emerging-market countries, expressed frustration with the U.S. central bank the Federal Reserve (Fed) for delaying an increase in U.S. interest rates during a meeting of the organization the International Monetary Fund (IMF) in Lima, Peru, in early October 2015. According to the article, the volatile Chinese stock market and the devaluation of the Chinese currency the yuan prevented the Fed from raising rates in September 2015. The article presents comments from the central bank Bank Negara Malaysia deputy governor Sukhdave Singh.
- Published
- 2015