IMF’s Lagarde Urges ‘gradual Path’ For Fed Rate Hikes
The head of the International Monetary Fund said on Monday that the U.S. Federal Reserve should move interest rates up only gradually when it finally begins to lift borrowing costs from near-zero. IMF Managing Director, Christine Lagarde said in a news conference as she discussed the Fund’s annual health check on the U.S. economy,”We believe that a gradual path of interest normalization is the right approach.”
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