(Reuters) - Timothy F. Geithner, New York Federal Reserve Bank
President, did not single out any particular country in Asia,
but in a prepared speech, to be delivered at a dinner for the
Economic Society of Singapore, his comments appeared to be
partly aimed at China, whose fixed exchange rate has been the
source of considerable tension with the United States.
Geithner warned that fixed or partially fixed exchange rate
regimes pose a constraint on monetary policy and that while
inflation in emerging Asian economies remains relatively low,
the pace of credit growth and the behaviour of asset prices
provide some evidence of "a growing tension among competing
objectives."
Read more at Reuters.com Bonds News
President, did not single out any particular country in Asia,
but in a prepared speech, to be delivered at a dinner for the
Economic Society of Singapore, his comments appeared to be
partly aimed at China, whose fixed exchange rate has been the
source of considerable tension with the United States.
Geithner warned that fixed or partially fixed exchange rate
regimes pose a constraint on monetary policy and that while
inflation in emerging Asian economies remains relatively low,
the pace of credit growth and the behaviour of asset prices
provide some evidence of "a growing tension among competing
objectives."
Read more at Reuters.com Bonds News
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