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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Craig Erlam

Craig Erlam

Senior Market Analyst - UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a Market Analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam