Reuters logo
3 years ago
Fed watching emerging markets, should not overreact -Williams
January 31, 2014 / 6:40 PM / 3 years ago

Fed watching emerging markets, should not overreact -Williams

1 Min Read

Jan 31 (Reuters) - The U.S. Federal Reserve is "carefully" monitoring turmoil in emerging markets and discussed it at a policy-setting meeting this week, but it should not focus too much on "short-term developments," a top Fed official said on Friday.

"We shouldn't focus too much on the short-term developments in markets. That said, we're watching them carefully," San Francisco Fed President John Williams said on Fox Business television.

"In my view, the hot money flows, which I do recognize as an important development, are the result of a number of factors," he said. "I wouldn't say it's just because of Fed policy."

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below