Economics
Fed Hikes Augur Well for the World, South Africa's Kganyago Says
- A strong U.S. economy is good for the global economy: governor
- He says he prefers not to tell other central bank what to do
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The Federal Reserve tightening monetary policy is a sign that the U.S. economy is doing well, and that’s positive for the rest of the world, South African central bank Governor Lesetja Kganyago said.
The Fed has communicated its monetary-policy intentions “very well,” Kganyago said in an interview Tuesday in Johannesburg. “If the Fed tightens policy because they think the U.S. economy is doing well and is growing -- a U.S. economy that is doing well is good for the global economy.”