Federal Reserve Policy and Emerging Markets

Testimony by Benn Steil

January 9, 2014

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Testimony
Testimony by CFR fellows and experts before Congress.

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In his testimony before the House Committee on Financial Services' Subcommittee on Monetary Policy and Trade, Benn Steil argues that changes in U.S. monetary policy can have significant impact on emerging-market capital inflows and outflows and that the resulting exchange rate movements against the dollar can have large and rapid effects on the level of inflation and exports.

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