Fixing US policy ‘a big challenge’

Fixing the US’s spluttering monetary policy that has raised interest rates just once in 10 years will take a focus on “the nitty-gritty details of implementing policy in financial markets”, US Fed chair Janet Yellen said yesterday.

“Key choices include the selection of policy instruments, the specific markets in which the central bank participates, and the size and structure of its balance sheet,” she said. – Business Reporter