The Danger of Following the Fed
The US Federal Reserve's long-awaited new monetary-policy strategy should probably not serve as a global benchmark. Other central banks should think long and hard before they consider emulating the Fed, for four technical and political reasons.
https://prosyn.org/P4FJzjF
FRANKFURT – To say that the US Federal Reserve is the world’s most important central bank is to state the obvious. The Fed’s monetary-policy decisions affect market interest rates worldwide, and no central bank can ignore them without risking unwelcome movements in its own currency’s exchange rate.