U.S. economic mismanagement burdens world with economic woes: experts

STORY: U.S. economic mismanagement burdens world with economic woes: experts DATELINE: July 30, 2022 LENGTH: 00:02:14 LOCATION: Singapore CATEGORY: POLITICS/ECONOMY SHOTLIST: various of U.S. Federal Reservevarious of street view in U.S.various of containersSOUNDBITE 1 (English): LAWRENCE LOH, Director of the Center for Governance and Sustainability at the National University of SingaporeSOUNDBITE 2 (English): JIN SONG, Adjunct professor at Nanyang Technological University of SingaporeSOUNDBITE 3 (English): LAWRENCE LOH, Director of the Center for Governance and Sustainability at the National University of Singapore STORYLINE: Analysts say the root cause of the U.S. Fed's interest rate hikes is economic mismanagement on the part of the U.S., and that the Fed's decision is further burdening the world with economic woes. The U.S. Federal Reserve on Wednesday raised its benchmark interest rate by 75 basis points, the second in a row of that magnitude, as elevated inflation showed no clear sign of easing. SOU

Interview: U.S. high inflation, appreciating dollar double whammy for world, says Singaporean expert

STORY: Interview: U.S. high inflation, appreciating dollar double whammy for world, says Singaporean expert DATELINE: July 29, 2022 LENGTH: 00:04:18 LOCATION: Singapore CATEGORY: POLITICS SHOTLIST: SOUNDBITE 1 (English): LAWRENCE LOH, Director of the Center for Governance and Sustainability at the National University of SingaporeSOUNDBITE 2 (English): LAWRENCE LOH, Director of the Center for Governance and Sustainability at the National University of SingaporeSOUNDBITE 3 (English): LAWRENCE LOH, Director of the Center for Governance and Sustainability at the National University of SingaporeSOUNDBITE 4 (English): LAWRENCE LOH, Director of the Center for Governance and Sustainability at the National University of Singapore STORYLINE: The U.S. Federal Reserve's decision to raise interest rate amid elevating inflation will impose a larger impact on foreign countries than on the U.S. economy, a Singaporean scholar told Xinhua on Thursday. The U.S. Fed's move would cause capital pullout and push up the cos