G-20 prepares to coordinate as U.S. Fed tapers

09/8/2013 | Korea Herald (Seoul), The

Group of 20 leaders agreed to work in a coordinated fashion to minimize the damage that might ensue as the U.S. Federal Reserve reduces its monthly bond buying. "We recognize that strengthened and sustained growth will be accompanied by an eventual transition toward the normalization of monetary policies. Our central banks have committed that future changes to monetary policy settings will continue to be carefully calibrated and clearly communicated," said the G-20 communique from St. Petersburg, Russia.

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Korea Herald (Seoul), The

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