Federal Reserve chair Jerome Powell prepares for a House Financial Services Committee hearing in Washington on December 2 last year. The Fed’s ultra-loose monetary policy settings remain the order of the day even though they may have undesired side-effects. Photo: Reuters Opinion Macroscope by Neal Kimberley On financial risk, People’s Bank of China is more credible than the US Fed In draining cash from the banking system ahead of Lunar New Year, the PBOC is sending a message of caution.…

The post On financial risk, People’s Bank of China is more credible than the US Fed appeared first on ChinaPulse.com.