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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.
"The influx of cheap dollars into emerging markets was not healthy. It overinflated Brazil and China made them grow too fast," she said. "A lot of money went into Africa and the frontier markets"
They have not developed the kind of rich, consumer-led economy of the U.S., which can keep growing without outside help, she said.