06/07/2018 - Emerging Markets Are Begging The Federal Reserve To Stop Shrinking Its Balance Sheet
Central Bank of Indonesia Governor:
“We know every country must decide their policy based on domestic circumstances but look, you have to take account of your actions and the impact of your actions to other countries, especially the emerging markets.
There are three global players that impact the future of interest rates and exchange rates. Now it’s only the U.S. .. That’s why the U.S. and the dollar are king. But next year if Europe starts normalizing, Japan starts normalizing, then I don’t think the U.S. or the dollar will be the only king.”
