World Braces for Taper Tantrum II Even as Yellen Soothes Nerves
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The world economy is about to discover if to be forewarned by the Federal Reserve is to be forearmed.
Two years since the Fed triggered a selloff of their assets in the so-called “taper tantrum,” the finance chiefs of emerging markets left Washington meetings of the International Monetary Fund praising Chair Janet Yellen for the way she is signaling plans to raise U.S. interest rates.