Fed won’t raise rates: Bob Browne

Bob Browne, Chicago-based CIO at Northern Trust, with $846 billion of assets under management, says the US Federal Reserve is not going to raise its policy rate, the federal funds rate, any time soon. Speaking to an audience of regional asset owners at AsianInvestor's Southeast Asia institutional investment forum in Singapore last week, Browne said, “When you have your next investment policy committee meeting, write this on the whiteboard three times: The Fed, the ECB and the BoJ …