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Fed Policy Draws Chinese Criticism as PBOC Goes Its Own Way

  • China’s financial opening has magnified impact of U.S. policy
  • Exchange rate depreciation could allow more autonomy from U.S.
Fed Building SOCIAL
Photographer: Stefani Reynolds/Bloomberg
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As Federal Reserve officials gear up for the Jackson Hole symposium, their response to the pandemic is being criticized as risky by counterparts in Beijing who are trying to decouple China’s monetary policy from the U.S.