ECB's Asmussen Sees Risk Of Large Spillovers From Fed Tightening - Presented by: The Aol. On Network

The U.S. Federal Reserve is expected to start slowly reducing its bond purchases when it meets later this month, beginning to unwind a policy that has helped foster recovery in the world's largest economy and buoyed financial markets. ECB Executive Board member Joerg Asmussen said the impact of the U.S. central bank unwinding its policy stimulus risks is greater now than in 1994, when it started a tightening cycle and bond markets crashed.



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