First Word Asia: Is it Time for a Fiscal Bazooka?
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If central banks are pushing on a string, is it time for a fiscal bazooka? Federal Reserve Chair Janet Yellen suggested that the Fed might delay, but not abandon, interest-rate increases in response to recent turmoil in financial markets.
On First Word Asia, Bloomberg's Bryan Curtis and Doug Krizner asked their guests if a fiscal response might be needed. Guests included Shane Oliver, Head, Investment Strategy at AMP Capital Investors, and Enzio Von Pfeil, Investment Strategist, Private Capital Ltd.