NY Fed's Geithner on risk management

In a speech on 'The changing face of risk management' given on 9 June, Timothy Geithner of the New York Fed said U.S. financial markets are well prepared for a gradual rise in official interest rates and should not be stressed when the Federal Reserve changes policy.

Geithner said markets had factored in a "gradual" rise in the official federal funds rate over the next two years.

"Financial markets have had some time to position themselves for an environment of higher interest rates and

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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