Welcome to Quantitative Tightening as $12 Trillion Reserves Fall

Updated on
  • China tops central-bank drawdown of foreign currency reserves
  • Reserve reduction may complicate interest rate increases

Fidelity’s Lewis Says Angst About the Fed Is Ridiculous

The great global monetary tightening of 2015 is under way, but it’s not being led by the Federal Reserve.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.