China now is dictating to us economic policy. They actually are correct in this, printing more money is not a good. The only reason the Chinese are concerned is because of their dollar invested in the United States.
China warns Federal Reserve over ‘printing money’
Richard Fisher, president of the Dallas Federal Reserve Bank, said: “Senior officials of the Chinese government grilled me about whether or not we are going to monetise the actions of our legislature.”
“I must have been asked about that a hundred times in China. I was asked at every single meeting about our purchases of Treasuries. That seemed to be the principal preoccupation of those that were invested with their surpluses mostly in the United States,” he told the Wall Street Journal.
Could the North Korea crisis be China’s way to put pressure on us?
Tags: China, Federal Reserve, North Korea
