16-10-2015, 08:31 PM
Mr. Tharman view on the delay of Fed rate hike...
Uncertainty over Fed rate hike becoming too costly for markets: Tharman
16 Oct 2015 15:46
By Soon Weilun
UNCERTAINTY brought about by anticipation over when the US Federal Reserve is going to raise interest rates is becoming too much of a cost for markets to bear, said Singapore's Deputy Prime Minister Tharman Shanmugaratnam on Friday, in his strongest case yet in exhorting the Fed to raise interest rates.
"We've got to that point where the benefits for near zero interest rates for economic growth will be increasingly outweighed by the costs," he said at a discussion panel held during the Latin Asia Business (LAB) Forum held at the Shangri-La Hotel here.
...
Source: Business Times Breaking News
Uncertainty over Fed rate hike becoming too costly for markets: Tharman
16 Oct 2015 15:46
By Soon Weilun
UNCERTAINTY brought about by anticipation over when the US Federal Reserve is going to raise interest rates is becoming too much of a cost for markets to bear, said Singapore's Deputy Prime Minister Tharman Shanmugaratnam on Friday, in his strongest case yet in exhorting the Fed to raise interest rates.
"We've got to that point where the benefits for near zero interest rates for economic growth will be increasingly outweighed by the costs," he said at a discussion panel held during the Latin Asia Business (LAB) Forum held at the Shangri-La Hotel here.
...
Source: Business Times Breaking News
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