Turkish scholar: U.S. currency policy has increasingly causing the world alert

Xinhua News Agency, Istanbul, August 9th (Reporter Wang Feng) Kayam Aldch, a major of international trade scholar at Istanbul Pipi University in Istanbul, Turkey, said that the wrong monetary policy in the United States cannot inject confidence in the market, which is increasingly causing the world to alert Essence

In order to curb the highest level of inflation over the past 40 years, the Federal Reserve announced the fourth rate hike since the end of July this year, and it was also the second consecutive interest rate hike 75 basis points. In an interview with a reporter from Xinhua News Agency, Aldch said that "the world is becoming more and more sensitive to the hegemony of the United States and the US dollar", and countries have begun to speak, taking necessary measures for U.S. monetary policy, and reducing holdings of US debt stocks is this. One of the reactions.

According to data from the US Department of Commerce, the annual rate of GDP in the second quarter of this year was calculated by 0.9%at the annual rate, and the shrinking for two consecutive quarters. Usually, a negative growth of an economy's economy has been trapped in technical recession for two consecutive quarters.

Aldch said that the main reason for this situation is related to the US monetary policy, and the economic predicament of the United States will challenge the development of countries around the world. The rise in energy and food prices allowed all economies, including developed countries and developing countries, facing complex situations. "It is difficult to make optimistic predictions in this background."

Aldch emphasized that every time the Federal Reserve ’s interest rate hikes, Turkey will lose a lot of investment and development opportunities, which will put greater pressure on Turkey, which is facing high inflation and depreciation of the local currency.

- END -