BRYAN PASCOE AGENDA

摘要

Since the then US Federal Reserve chairman Ben Bernanke announced a tapering of bond purchases by the central bank in mid-2013, fixed-income markets around the world have been analysing every word of every Fed statement. In the context of fears that eventual interest rate rises in the US would trigger heavy volatility in emerging markets, Fed vice-chairman Stanley Fischer's speech at the annual meetings of the International Monetary Fund in October was unambiguous. "Actions taken by the Federal Reserve influence economic conditions abroad. Because these international effects in turn spill back on the evolution of the US economy, we cannot make sensible monetary policy choices without taking them into account," he told his audience.