Stanford’s Taylor Says U.S. Rate Rise Will Help Emerging Markets
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The phasing out of the U.S. Federal Reserve’s monetary stimulus will help emerging markets by ridding them of a source of turbulence, according to Stanford University Professor John Taylor.
“If it’s done in a clear, predictable way, it’s going to be positive,” Taylor said yesterday in an interview in Cartagena, Colombia. “Emerging markets have been buffeted back and forth by this policy. They were absorbing all of these capital flows and they had to adjust their monetary policy.”