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Bank of Korea Governor and Fed Chair Emphasize Real Economy Focus Over Market Volatility on July 16

2026-07-16 23:30:10

According to Yonhapinfomax, Bank of Korea Governor Shin Hyun-song on July 16 and Federal Reserve Chair Kevin Warsh on July 15 both stressed that monetary policy should prioritize the real economy over financial market fluctuations. Shin stated that stock price movements are not a decisive variable in monetary policy and that central banks should focus on impacts to the real economy and financial system stability rather than equity volatility. Warsh similarly emphasized that the Fed's focus will remain on what is actually happening in the real economy and the main street, not on Wall Street financial markets.

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