“International Monetary Fund Managing Director Christine Lagarde urged policy makers in advanced economies to fight risks of deflation that would threaten a global recovery she called ‘feeble.’  Central banks in the U.S., Japan and the euro area face inflation levels under their targets while trying to accelerate growth with policies including benchmark interest rates near zero and bond-buying programs. Lagarde said that while ‘the deep freeze is behind,’ world growth remains ‘too low, too fragile and too uneven,’ with some 200 million people needing employment.”

http://www.bloomberg.com/news/2014-01-15/lagarde-warns-officials-to-fight-deflation-ogre-decisively.html

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