Rising interest rates mean the US Federal Reserve is back to the fundamentals, and that’s reason to celebrate

Stephen S. Roach says the Fed tightening shows the central bank is returning to a reliance on market fundamentals, ending the era of asset-friendly easy money

Stephen Roach

Published: 3:00am, 27 Dec, 2018

Updated: 3:17am, 27 Dec, 2018

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Stephen Roach

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Stephen S. Roach, a faculty member at Yale University and former chairman of Morgan Stanley Asia, is the author of Unbalanced: The Codependency of America and China.