On Tuesday, the president of the Federal Reserve Bank of Richmond Jeffrey Lacker said that the economy of the United States and China are linked less than it might seem, judging by the volatility in the stock markets of the country.
"I think that the real economy of the US and China are linked less than you might think, judging by the situation on the US stock markets in parallel with the movements of the renminbi and China's stock market", - said Jeffrey Lacker.
He added that the reaction of the US stock market in the summer of last year on the collapse of the Chinese stock market and the devaluation of the yuan now looks over ... the same thing is happening now.
President of the Federal Reserve Bank of Richmond, which this year is not a voting member of the Operations Committee on the Federal Open Market, however, is involved in his work, once again expressed their views on the advisability of raising interest rates four times this year.
Mr. Lacker does not mention the terms of rate hikes, but argues that, despite the fact that the current inflationary pressure is not observed, this may change in the near future.
Recall, the US Federal Reserve raised its rate by a quarter point at its meeting in December, the first in almost a decade. Now Fed officials predict the four increases in interest rates this year, arguing that it depends on the economic data and the rate of inflation to the target of 2% mark.