U.S. irresponsible monetary policy is bringing risks to other countries -Jahiti Gaoshi, a professor at the University of Massachusetts University in the United States

Xinhua News Agency, New York, August 12th: The irresponsible monetary policy of the United States is bringing risks to other countries -Jiati Gaoshi, a professor at the University of Massachusetts University in the United States

Xinhua News Agency reporter Liu Yan

Jahiti Gaoxi, a professor of economics at the University of Massachusetts, said in an interview with Xinhua News Agency that the Fed's too aggressive tightening monetary policy is bringing risks to other countries, and it cannot ensure that the US high is fundamentally resolved. Inflation problem.

On June 14, in Washington, USA, a woman walked out of a food supermarket with a shopping bag. (Shin of Xinhua News Agency, Photo Shen Ting)

Gao Xi said that the current US high inflation is not caused by increasing demand, but caused by companies chasing huge profits and market speculative behaviors. In the case of not solving over -profit of the company and the commodity market financial speculation, it is like "hammered without nails without nails" by raising interest rates. Risks such as stagnation.

Gao Xi said that the Fed's tightening monetary policy will lead to the withdrawal of capital from emerging markets and developing economies to the United States, which will bring debt crisis and exchange rate crisis risks to many regions of the world. At present, several countries have already appeared in debt defaults or on the edge of breach of contract.

Gao Xi has been a professor of economics at the University of Khru, Indonesia for a long time. She said that many developed economies have not yet fully recovered from the epidemic, and they are facing the pressure of economic slowdown. The Fed's interest rate hike has exacerbated the inflation problem of these economies. Food and fuel prices have risen in many developing countries, and the depreciation of the currency in the country has further deteriorated.

Gao Xi believes that in the past few decades, the United States has been using the US dollar as the "super privilege" of the world's reserve currency, and arbitrarily printing money or adopting sanctions against international law on other countries. These actions have led to a decline in US reputation, and more and more countries consider avoiding the US dollar's alternative trade and financial arrangements. "The US dollar hegemony will become more vulnerable in the future."

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