Wolff and Presad on Fed hike, strong dollar & emerging markets
President Barack Obama announced on Wednesday that we will begin normalizing relations with Cuba. So what are some of the economic implications of this détente? Erin weighs in. Max Fraad Wolff, assistant professor of economics at the New School, tells us what he makes of the Fed’s recent statement implying it won’t hike rates for a “considerable time” after QE is finished. Eswar Prasad, professor at Cornell University, reveals what he sees as the biggest consequences of the strong dollar and gives us his take on what emerging markets he thinks look vulnerable. And in the Big Deal, Erin and Edward Harrison discuss the recent Fed policy statement and the Swiss National Bank’s move to negative interest rates.
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