- Hamid Karzai’s cousin killed by suicide bomber at Eid al-Fitr party
- Obama thanks Muslims for ‘building the very fabric of our nation’
- Israel flattens home of top Hamas leader, takes out power plant
- Texas man arrested for powder-letter hoax
- Islamic State opens ‘marriage bureau’ for single jihadists
- Drone almost blocks California firefighting planes
- Tornado rips off roofs, downs trees near Boston
- GOP: Environmental rules keeping agents from accessing border
- John Kerry: Millions displaced by religious fighting in 2013
- Federal appeals court rules against Virginia’s gay marriage ban
Topic - Catherine Mann
While the U.S. economy is healthy enough for the Federal Reserve to consider ending the extraordinary cash infusions it has pumped into world markets since 2008, such a change of course would pose big challenges for Europe's debt-strapped economies and for many of the world's developing countries.
Now, these developing economies face the "challenge of trying to even out their business environment" while interest rates are rising sharply in reaction to the Fed and as their own economies are grappling with the recession in Europe and economic troubles elsewhere in he world, she said.
A substantial portion of the cash pumped out by the Fed in the past five years was invested in the emerging markets, Catherine Mann, a finance professor at Brandeis University, said at the conference.