“It’s a modern bartering system and we encourage people to see that trading still has value.”

“There has already been a slowing in the pace of demand for the yuan carry trade.”

Is there something Haldane sees that has driven him to this extremist perspective?

Fed officials stressed they’re “monitoring developments abroad” and that global slowdown might restrain U.S. economic growth, inflation levels.

“They don’t have a lot of experience in this market stuff.”