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The Federal Reserve's rate cuts are having an unintended effect in Asia, leaving central bankers little leeway to raise their own borrowing costs to curb inflation. Malcolm Wood, equities strategist at Morgan Stanley Asia Ltd., David Cohen, director of Asian economic forecasting at Action Economics, Andrew Cole, director of the multi-asset group at Baring Asset Management, Nicu Harajchi, managing director at N1 Asset Management, and Hans Goetti, who oversees $10 billion as Singapore-based chief investment officer of LGT Bank in Liechtenstein AG, comment on the possible impact of U.S. rates on Asian economies and markets.