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PBoC Zhou: Fed Must Consider Global Impact Of Policy Moves

People's Bank of China Governor Zhou Xiaochuan said Tuesday said that the U.S Federal Reserve has more responsibility to consider the global impact of its policy actions since the dollar is the world's main reserve currency.

The U.S "must have more responsibility to consider not just the U.S. economy but the global economy," reports said citing Zhou's speech at the Boao Forum on the southern island of Hainan.

Emerging countries fear that excessive liquidity in the U.S will step up capital inflows and add to inflation risks in these economies, where the main policy goal is to slow price growth.

by RTTNews Staff Writer

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