US Federal Reserve chairman Jerome Powell speaks during a press conference in Washington on March 20. The Fed left interest rates unchanged after its two-day policy meeting. Photo: Xinhua
David Brown
Opinion

Opinion

Macroscope by David Brown

The Federal Reserve has halted policy normalisation. Now, other central banks should follow suit

  • The Fed’s decision to stop interest rate rises and the shrinking of its balance sheet this year should be a cue for central banks in Europe, Japan and particularly China to take steps to bolster economic activity

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US Federal Reserve chairman Jerome Powell speaks during a press conference in Washington on March 20. The Fed left interest rates unchanged after its two-day policy meeting. Photo: Xinhua
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