English: The Marriner S. Eccles Federal Reserve Board Building (commonly known as the Eccles Building or Federal Reserve Building) located at 20th Street & Constitution Avenue, NW in the Foggy Bottom neighborhood of Washington, D.C. Designed by architect Paul Philippe Cret in 1935, construction of the Art Deco building was completed in 1937. Its 2009 property value is $109,029,200. (Photo credit: Wikipedia)
This is an insightful, must-read article from leading macro-economist, Gavyn Davies, writing in his FT blog. Check it out!
China’s policy failings challenge the Fed | Gavyn Davies
Personally, I’m of the opinion that the Fed will delay an interest rate rise. However, if there’s continued volatility in financial markets, the probability of more quantitative easing increases.
Gavyn Davies provides some sound economic policy options for China and it will be interesting to see what transpires.