“The head of the International Monetary Fund cautioned the world’s major central banks Friday not to withdraw their unconventional support for weak economies too soon, according to numerous wire service reports. IMF Managing Director Christine Lagarde said stimulative policies are still needed in key regions, especially Europe and Japan, which have struggled with prolonged weakness.  ‘Even if managed well,’ Lagarde said of a central bank’s exit from easy-money policies, that could still present an ‘arduous obstacle course’ for other countries. Lagarde said what’s needed is greater policy coordination and cooperation for the sake of the entire globe.”

http://www.newsmax.com/StreetTalk/imf-lagarde-federal-reserve-taper/2013/08/23/id/522038

Did you like this?
Tip Freedomwat.ch Staff with Bitcoin

Donate via Installed Wallet Copy