18 Oct '15, 12pm

#peakoil Federal Reserve Could Start A Currency War: There is a war, a currency war, and the war is, ultimatel...

#peakoil Federal Reserve Could Start A Currency War: There is a war, a currency war, and the war is, ultimatel...

[I]f the Fed does not raise its target policy rate, other countries will have to take further action to ease up further on their economic policies. The European Central Bank will extend its quantitative easing. The Bank of England will not raise its policy rates. The Peoples Bank of China will attempt to achieve further ease so that the renminbi will fall against the U.S. dollar. In effect, this looks like a currency war, and the world cannot afford a currency war at this time. The Federal Reserve needs to take these things into consideration in making their policy decisions. They are, after all, the global reserve currency and they cannot avoid the responsibilities that go along with this position. […] If the Federal Reserve does not raise interest rates, the value of the US dollar will fall and this will have an impact on the commodity prices of emerging nations, causing...

Full article: http://peakoil.com/consumption/federal-reserve-could-star...

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