Speed of US rate rise key - Padoa-Schioppa

The risks to the US economy from a rise in US interest rates will depend on the speed at which the Federal Reserve moves, European Central Bank executive board member Tommaso Padoa-Schioppa said on Tuesday 20 April.

"It depends on speed.... The key question will be the speed at which it occurs and the general condition of the (U.S.) economy," Padoa-Schioppa said in response to an question during a debate in New York about the role of financial markets in sustaining economic growth in Asia.