Fed’s monetary policy risks global fluctuations

By CHEN JIA in Beijing and SCOTT REEVES in New York | CHINA DAILY | Updated: 2020-08-29 07:06Long-term low interest rates and excessive liquidity injected by the United States may increase fluctuations in the global financial system and squeeze the ability to use policy measures to support economic growth, economists warned on Friday. But China can avoid associated risks through maintaining “normal” monetary actions, they said.Their concerns came as US Federal Reserve Chairman Jerome Powell on Thursday announced a new policy intended to let inflation increase “moderately” above the central ban…

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