Fed of­fi­cial says rate hikes ‘right course’ for US pol­icy

Times of Oman - - MARKE -

NUSA DUA, In­done­sia: The US Fed­eral Re­serve does con­sider the im­pact of in­ter­est rate hikes on emerg­ing mar­kets when set­ting pol­icy, but the in­creases are the “right course of do­mes­tic pol­icy” for the world’s largest econ­omy, said a top Fed of­fi­cial on Satur­day.

The com­ments by Fed Vice Chair Ran­dal Quar­les came as some emerg­ing mar­kets face in­creas­ing pres­sure this year as higher US in­ter­est rates draw for­eign cap­i­tal away, and due to fears of fall­out from a tar­iff war be­tween the US and China.

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