federal reserve

The hiatus in US central bank policy has soothed investor concerns and helped to lift sentiment, which is just as well given experts doubt the effectiveness of more cuts anyway.

Indian film producer Eros International cancelled a dollar bond this week, as nervous investors kept a close eye on US interest rates.

The Fed has decided to reduce its monthly asset purchases, potentially triggering outflows from Asia once again but the region is much better prepared to withstand the turmoil this time round.

Survey respondents believe a reduction of quantitative easing is the main risk, although the US Federal Reserve (Fed) said it would not yet start tapering asset purchases.

Mohamed El-Erian, CEO and co-CIO at Pimco, tells FinanceAsia that the Fed should have put a modest tapering programme on the table this month.

Charles Plosser, president of the Federal Reserve Bank of Philadelphia, tells Hong Kong that money printing must be brought to a halt before the end of the year.

QE1 and QE2 didn’t work, and nor did Zirp or Twist or anything else. Now the Fed chairman is turning to economics blogs for help. Why not?

America’s second round of so-called quantitative easing will hurt Asian growth, according to our web poll last week.

Last night in Hong Kong, Charles Evans of the Federal Reserve and colleagues from the Bank of England and Bank of Japan discussed the challenges central bankers face as pressure builds for them to preempt the next financial crisis.