Pimco's Kiesel Says Fed Will Probably Go Little Faster
Haruhiko Kuroda hasn’t lost his power to jolt markets: but now he’s moving them by doing nothing. The yen soared the most in eight months and stocks sank in Tokyo on Thursday as the Bank of Japan Governor held off from adding to the central bank’s bond-buying program or its budget for exchange-traded equity funds. Earlier, Federal Reserve Chair Janet Yellen becalmed markets around the world by signaling she’s in no rush to raise interest rates, sending volatility down in bonds, stocks and currencies. Pimco Global Credit CIO Mark Kiesel discusses Kuroda's move and the wider banking picture with Bloomberg's Caroline Hyde at the UBS Wealth Management Summit in Davos.
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