The Asian Development Bank President on Fed aggressive tightening<p>ADB President Asakawa:</p><ul><li>aggressive US monetary tightening could cause abrupt reversal of capital flows</li><li>We are already seeing the risk of aggressive US monetary tightening to fight inflation may trigger sharp currency depreciation</li></ul><p>Well, yeah. He's not wrong but this is not new news. </p>
This article was written by Eamonn Sheridan at forexlive.com.
Source: The Asian Development Bank President on Fed aggressive tightening (https://forexlive.com/centralbank/the-asian-development-bank-president-on-fed-aggressive-tightening-20221202/https://forexlive.com/centralbank/the-asian-development-bank-president-on-fed-aggressive-tightening-20221202/)
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