Federal Reserve Board chairwoman Janet Yellen speaks during a news conference on June 14. Photo: Reuters

Why Fed interest rate hikes are good for Asia

William Pesek says regional economies should take the opportunity to implement vital reforms to retool, now that the retreat of easy money is exposing critical inefficiencies

Topic |   US Federal Reserve

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Federal Reserve Board chairwoman Janet Yellen speaks during a news conference on June 14. Photo: Reuters
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William Pesek

William Pesek

William Pesek is a Tokyo-based journalist, former columnist for Barron’s and Bloomberg and author of “Japanization: What the World Can Learn from Japan’s Lost Decades”. Twitter: @williampesek