Richmond Fed President Jeffrey Lacker: turmoil in China has no effect on the U.S. economy

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13 enero 2016

Richmond Fed President Jeffrey Lacker: turmoil in China has no effect on the U.S. economy

Richmond Fed President Jeffrey Lacker said on Tuesday that turmoil in China has no effect on the U.S. economy.

"I think our real economies are linked less than you would think from the extent to which our equity markets seem to have moved in parallel with movements in their exchange rate and their equity markets," he said.

Lacker noted the U.S. stock market's volatility "looks like an overreaction".

Lacker is not a voting member of the Federal Open Market Committee (FOMC) this year.

Option expiries for today's 10:00 ET NY cut

Foreign exchange market. European session: the euro traded mixed against the U.S. dollar after the release of the weaker-than-expected industrial production data from the Eurozone

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