US may shift toward tighter monetary policy: financial authorities

Washington may shift toward a tighter monetary policy as the US Federal Reserve underscored its commitment to taming inflation, South Korea's financial authorities said Thursday.

Finance Minister Koo Yun-cheol made the assessment alongside Bank of Korea Gov.

Shin Hyun-song, Financial Services Commission Chairman Lee Eog-weon and Financial Supervisory Service Gov.

Lee Chan-jin as they discussed the outcome of the overnight Federal Open Market Committee meeting.

The US Federal Reserve on Wednesday ...