China vice Finance Minister Says Fed Should Communicate Better on Rates

The U.S. Federal Reserve should communicate better with China and financial markets on its interest rate decisions, China’s vice finance minister said on Thursday, noting U.S. monetary policy has a major impact on the global economy.

Chinese and U.S. officials will discuss how to promote economic growth in both countries and the world economy during the annual U.S.-China Strategic and Economic Dialogue to be held June 6-7 in Beijing, Vice Finance Minister Zhu Guangyao said.

“It’s up to the Federal Reserve to make ultimate monetary policy decisions, but we welcome the Fed to strengthen policy communication with China and strengthen communication with the international financial market,” Zhu said in a forum ahead of the annual dialogue.

Reuters

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