Bank of Korea Governor Kim Choong-soo said:
- Fed moves to unwind quantitative easing is a major risk for emerging economies and global financial markets
- He wants to know what the fed will do, how they will do it, and to be “given time to prepare”
- “That is one of the most important concerns for me,” he said. When the Fed begins to dial back its stimulus program, “volatility in the capital markets is likely to remain high for a relatively long period of time,”
Bank of Korea Governor Fears Fed Tightening (The Wall Street Journal is often gated, so if you’re unable to access the article try a search of Google news using the headline)
