IMF's Lagarde urges 'gradual path' for Fed rate hikes

WASHINGTON Mon Jun 16, 2014 10:40am EDT

IMF Managing Director Christine Lagarde prepares to host a news conference at the Treasury, in London June 6, 2014.   REUTERS/Paul Hackett

IMF Managing Director Christine Lagarde prepares to host a news conference at the Treasury, in London June 6, 2014.

Credit: Reuters/Paul Hackett

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WASHINGTON (Reuters) - 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.

"We believe that a gradual path of interest normalization is the right approach," IMF Managing Director Christine Lagarde told a news conference as she discussed the Fund's annual health check on the U.S. economy.

(Reporting by Anna Yukhananov; Writing by Tim Ahmann; Editing by Chizu Nomiyama)

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Comments (1)
minipaws wrote:
The Fed can’t raise interest rates or Illinois will go belly up.

Jun 17, 2014 5:12am EDT  --  Report as abuse
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