RBNZ Governor Wheeler is now appearing in parliament (answers questions in front of a committee)
- Says markets decided fairly easy to put fiscal policy through with GOP house wins
- People are trying to work out what Trump win means for fiscal policy, infrastructure spending, tax cuts
- Markets also analysing impact of Trump win on trade
- People need to focus in the near term on the us position on trade reform
- Says US needs to think very seriously about its trade leadership in the Asia Pacific
Headlines via Reuters
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More:
- Signs of inflation emerging in US, China
- Long term inflation expectatons well anchored
(via Bloomberg)