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U.S. housing-market bubble could burst this year: AEI's Lachman

Emerging economies need to brace for slower growth in both U.S. and China

The north view of the Manhattan skyline in New York, where the equity and housing markets are experiencing bubble-like conditions as in much of the U.S.   © Reuters

WASHINGTON -- With inflation barging ahead, the U.S. Federal Reserve is set to raise interest rates at its policy meeting in March.

What are the risks of such moves? Nikkei asked Desmond Lachman, a senior fellow at the American Enterprise Institute and former deputy director in the International Monetary Fund's Policy Development and Review Department.

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