By Around the Web WASHINGTON (MarketWatch) – There will be “complex capital movements across countries for some time to come” as the Federal Reserve continues to taper its bond purchases this year, said Olivier Blanchard, the chief economist of the International Monetary Fund, on Tuesday. The challenge for the Fed will be to normalize monetary policy as the recovery takes hold, Blanchard said in remarks prepared for a press conference updating the IMF’s economic outlook. Only some of this expected normalization has already been priced in both long rates and exchange rates, he said. Emerging-market economies……(read more)
Forward this article via email: Send a copy of this story to someone you know that may want to read it.
