Federal Reserve chair Jerome Powell testifies before the US Senate Committee on Banking, Housing and Urban Affairs, on Capitol Hill in Washington on July 15. Photo: Reuters
Opinion
Opinion
Macroscope
Fed watch: the days of easy money are ending and markets must be prepared
- Judging by the hints coming from British policymakers, it looks like the countdown to higher global interest rates has begun
- The perception is growing that the Fed is already behind the curve on tougher policy and that some pre-emptive tightening in US interest rates is long overdue
Federal Reserve chair Jerome Powell testifies before the US Senate Committee on Banking, Housing and Urban Affairs, on Capitol Hill in Washington on July 15. Photo: Reuters
