Fed Moves to Spur Asian Hot Money Inflows

The yield advantage for China’s bonds over U.S. Treasuries rose to a one-year high, prompting a state researcher to warn hot money will flood into yuan after the Federal Reserve expanded plans for printing dollars.
Fed's Yellen Speaks About U.S. Economy, Monetary Policy
11:50 - Federal Reserve Chair Janet Yellen speaks about the U.S. economy and monetary policy. Yellen said she still expects to raise interest rates this year if the economy meets her forecasts, with a gradual pace of tightening to follow. She speaks in Providence, Rhode Island. (Source: Bloomberg)
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