IMF official says U.S. Fed mindful of global impact

Article source
Reuters

Latin America's growth outlook is shaky and a delay in pulling back economic stimulus in the United States shows the Federal Reserve is mindful of the impact its actions can have on other countries, an International Monetary Fund official said on Wednesday.

Investors and policymakers in Latin America and other emerging markets were relieved when the U.S. Federal Reserve decided against scaling back its bond-buying program last week, for now at least.

Many fear that less-accommodative policy in the world's biggest economy will draw back capital which has flowed into developing economies in recent years, hurting markets and currencies and even economic performance.

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