Central Banking

Policy works in spite of globalisation - Mishkin

Globalisation has the power to impact inflation but, in reality, it seems to have little effect, said Frederic Mishkin, a member of the board of the Federal Reserve.

Speaking in Washington on Thursday, Mishkin said: "The increasing integration of global product, labour, and financial markets has the potential to significantly alter the behaviour of the economy, a development that could complicate the task of monetary policy. In practice, however, the behaviour of the US and global economies

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