Go to the Globe and Mail homepage

Jump to main navigationJump to main content

AdChoices

Everybody wins if Fed’s QE exit is emerging markets-friendly Add to ...

Subscribers Only

Reuters Breakingviews delivers agenda-setting financial insight. Its global correspondents react to stories as they develop, delivering sharp and provocative commentary on big financial news as it breaks.

Like it or not, the U.S. Federal Reserve needs to think globally. Americans should heed the call of Manmohan Singh, India’s prime minister and a distinguished economist, for an orderly and internationally coordinated reversal of stimulative monetary policy in rich countries. The Fed has only a domestic mandate, as one of its governors pointed out recently, but the world is too globalised for monetary nationalism.

Report Typo/Error

Next story

loading

In the know

The Globe Recommends

loading

Most popular videos »

Highlights

More from The Globe and Mail

Most popular