Fed moves may be just 'symbolic'
By Xin Zhiming | China Daily | Updated: 2008-03-18 07:29
The US Federal Reserve's latest emergency measures are unlikely to bring an end to the financial market crisis, analysts said.
But they expect the uncertainty will complicate China's situation, in which domestic policymakers are maneuvering to rid the economy of excess liquidity and inflationary pressure.
"I'm not sure what stage the US economy is at or where it's headed," Wang Tao, head of economics and strategy at Bank of America (Greater China), said.
Photo