- Chinese economy is slowing down due in part to policy failure
- US economy is stronger than expected, but Beige Book suggests signs of softening
- Risks to global economy skewed to the downside due to China slowdown, Russia-Ukraine conflict and now the situation in the Middle East
- Currency markets are in a deadlock, there is risk aversion in global markets
At least he's not saying anything too outlandish but to attribute China's economic weakness to 'policy failure' (even if we know it is somewhat true), that won't go down well with Beijing.
