‘Lon­don is not ev­ery­thing’

Yorkshire Post - Business - - BUSINESS -

DON KOHN is a for­mer vice chair­man of the US Fed­eral Re­serve. Mr Kohn be­lieves the US econ­omy is “do­ing pretty well”. He said: “Mod­er­ate growth has con­tin­ued. The labour mar­kets con­tinue to tighten. The Fed­eral Re­serve is grad­u­ally rais­ing rates.”

The pol­i­cy­maker was in Leeds to hear from peo­ple “who are on the ground and are deal­ing in the fi­nan­cial sys­tem – both bor­row­ers and lenders”.

He said: “It’s im­por­tant for mem­bers of the Fi­nan­cial Pol­icy Com­mit­tee, and the other com­mit­tees at Bank of Eng­land that are head­quar­tered in Lon­don to get out and talk to peo­ple through­out the coun­try.

“Lon­don is not ev­ery­thing in the UK, we cer­tainly recog­nise that.”

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