Policy-makers must be prepared to handle Fed rate rise, Fischer says
India key to future growth but faces significant ‘roadblocks’, says Fed vice-chairman
Emerging markets need to be "sufficiently prepared" for coming interest rate rises in major economies to avoid "major macroeconomic consequences", Federal Reserve vice-hairman Stanley Fischer said in a speech on November 19.
The Federal Reserve had done "everything we can to avoid surprising the markets and governments when we move", he said in remarks to a conference organised by the Federal Reserve Bank of San Francisco. It had reached the point where some central bankers "have, for some time
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