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How the Federal Reserve’s Policies Affect the Developing World

12 May 2023
Senior United Nations trade official Rebeca Grynspan has called on the U.S. Federal Reserve to slow its interest rate hikes because of how they impact the developing world.

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“When the U.S. Federal Reserve increases interest rates, it means that these countries will be in trouble,” Grynspan told FRONTLINE’s James Jacoby in an interview filmed during the making of the March 2023 documentary Age of Easy Money.

Fed official Neel Kashkari also shares his perspective: “We pay a lot of attention into how the U.S. monetary policy impacts the world, because then it bounces back on the U.S. economy,” Kashkari says.

For more on the impact of the Federal Reserve’s policies and its efforts to stem inflation, stream "Age of Easy Money":

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Additional funding is provided by the Abrams Foundation; Park Foundation; the John D. and Catherine T. MacArthur Foundation; and the FRONTLINE Journalism Fund with major support from Jon and Jo Ann Hagler on behalf of the Jon L. Hagler Foundation, and additional support from Koo and Patricia Yuen.
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