Basically, these monetary responses by the Federal Reserve are expected to also contribute to stability in the global economy through steady developments in U.S. economic activity and prices.
However, amid concern in global financial and capital markets over elevated inflation and acceleration in the pace of policy interest rate hikes in the United States, some have pointed out risks posed, for example, by significant adjustments in risk asset prices, such as stocks, and capital outflows from emerging economies. It is necessary to pay close attention to how these risks will evolve.