The Fed and Covid’s Pincer Attack
Yopie Hidayat (Contributor)
TWO issues have the potential to jeopardize Indonesia’s economy, which just starts its path towards recovery. The first is The Federal Reserve’s monetary policy change. The second is the increasing spread of Covid-19 around the country.
The market has anticipated a policy change from The Fed. However, the outcome of the Federal Open Market Committee (FOMC) meeting on June 15-16 is still quite surprising. Before the me...