Kenyan Central Bank Governor Says ‘Age of Volatility’ Is Back

Volatile times are back on the global economic scene with the U.S. appearing to lack clear policy and growth in Europe slowing, the Kenyan central bank governor said.

Comments by members of the U.S. government have undermined the Federal Reserve’s role as an anchor of monetary policy, Governor Patrick Njoroge said. Other key concerns include the threat of a no-deal Brexit and worsening global trade due to the U.S.-China trade war, he told reporters in the capital, Nairobi, a day after the monetary policy committee maintained its benchmark rate at 9 percent.