Federal Reserve chairman Jerome Powell speaks at a press conference following a two-day Federal Open Market Committee policy meeting in Washington on January 30. After steadily raising interest rates in 2018, the Fed has signalled that it would be in no hurry to increase borrowing costs this year. Photo: Reuters
Opinion
Opinion
The View
As central banks turn dovish, how loose will this year’s monetary policy be?
- Nicholas Spiro says the Federal Reserve’s more cautious stance towards raising interest rates has set the pace for other central banks. However, while the US economy may be showing signs of slowing, China and Europe are of greater concern
Federal Reserve chairman Jerome Powell speaks at a press conference following a two-day Federal Open Market Committee policy meeting in Washington on January 30. After steadily raising interest rates in 2018, the Fed has signalled that it would be in no hurry to increase borrowing costs this year. Photo: Reuters