Markets are exaggerating FOMC dovishness, says Goodhart

Ex-MPC member warns delegates at the FX Week Europe conference

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Goodhart sees volatility ahead

Financial markets are exaggerating the dovishness of monetary policy-makers in the US and the UK, which could lead to a significant increase in volatility, as and when global liquidity conditions start to tighten, professor Charles Goodhart, ex- Bank of England monetary policy committee member, warned delegates at the 13th annual FX Week Europe conference.

Goodhart said the expansionary monetary policies pursued by major central banks, such as the US Federal Open Market Committee (FOMC), since

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