Hoenig: US not an Island; policy affects others

KC’s Hoenig will draw cheers from central bankers elsewhere as he says the US is not an island and that its actions impact other countries and the US should listen to them.

Bernanke would no doubt say that it is in the interest of the global economy that the US restart its stalled economy….

EUR/USD is testing important resistance in the 1.3880/90 area as Weber’s hawkish comments and focus on exit strategy contrast with US policy which is just gearing up, again.