Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a House Financial Services Committee hearing in Washington, D.C., U.S. (Photographer: Andrew Harrer/Bloomberg)

Emerging Markets Will Be in Flux, No Matter What the Fed Does

(Bloomberg Opinion) -- The merest hint from Jerome Powell that he’s ready for a breather would have emerging-market investors turning cartwheels. Unfortunately, it wouldn’t solve every problem.

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