An unnamed People’s Bank of China official has weighed in on the Federal Reserve rate hike debate.
Adam had the details here: PBOC official: Fed should delay rate hike
It's a Reuters report on comments from "unnamed PBOC official":
- Fed should delay hike, it could push some emerging markets into crisis
If you ask me (OK, no one has :-D ) the amount of attention the Federal Reserve and Janet Yellen will pay to such a comment is as close to zero as you can get. Maybe if the PBOC was an independent central bank (its not) and an official there put his (or her) name to the request it might get some consideration, but this ... nope.
I'll leave the final words in this post to Reserve Bank of India Governor Raghuram Rajan:
- "It is not the role of the central bank to elevate sentiments unduly, to deliver booster shots to the stock market so that it can soar for a while, only to collapse when reality hits"
Winner.
