«Prospects are good» VERSUS «Higher global interest rates could limit the possibilities for governments to finance their projects»

04 Junho 2015

«We anticipate that it will be appropriate to raise the target range for the federal funds rate (...). Higher global interest rates could limit the possibilities for governments to finance their projects or budgets on the same favorable terms. (...) [And] small open economies in which external shocks are often large, and the excessive volatility inherent in free-floating exchange rates can be costly.»
                                          Stanley Fischer, 30 de Junho 2015