US fiscal, trade policies make Fed call tougher: ex-Treasury secretary

Singapore

INFLATIONARY pressures stemming from the United States' current fiscal and trade policies have made it harder for monetary policymakers to time their moves, increasing the risk of miscalculation, former US Treasury secretary Jack Lew warned on Thursday morning at the OCBC Global Treasury Economic and Business Forum 2018.

For investors, this is "not a time to put excessive confidence" on the continued rise of equity markets or overall global growth, but instead to focus on fundamentals, he said.