Federal Reserve policy makers’ recent comments about the threat to the U.S. expansion from a global slowdown that’s rattled financial markets underscore growing concern among central bankers, according to economist Mohamed A. El-Erian.
Fed Vice Chairman Stanley Fischer indicated yesterday at the International Monetary Fund’s annual meetings in Washington that slower-than-anticipated overseas growth could prompt the U.S. central bank to put off an interest-rate increase.
Fed Governor Daniel Tarullo also said he was troubled by the weaker state of the world economy, while European Central Bank President Mario Draghi spoke of continued bias toward easier monetary policy.
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