ECB’s Asmussen sees risk of large spillovers from Fed tightening

The impact of the U.S. central bank unwinding its policy stimulus risks being greater now than in 1994, when it started a tightening cycle and bond markets crashed, a European Central Bank policymaker said on Tuesday. ECB Executive Board member Joerg Asmussen said the 1994 episode highlighted the…

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ECB’s Asmussen sees risk of large spillovers from Fed tightening

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