A September Rate Hike Could Be More About Power Than Financials
Sometimes it’s all about hurting your enemies more than yourself
Federal Reserve Bank Chair Janet Yellen holds a news conference following a meeting of the the Federal Open Market Committee at the Fed June 17, 2015 in Washington, DC. Chip Somodevilla/Getty Images
China has dominated the headlines in recent weeks, but the Fed also had its part to play in the recent market rout. Some analysts even said knowing full-well the consequences.
Valentin Schmid is a former business editor for the Epoch Times. His areas of expertise include global macroeconomic trends and financial markets, China, and Bitcoin. Before joining the paper in 2012, he worked as a portfolio manager for BNP Paribas in Amsterdam, London, Paris, and Hong Kong.
