Monday 22 October 2018
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12 days ago

IMF chief defends rate hikes after Trump slams ‘crazy’ Fed

NUSA DUA, Indonesia (AFP) Central bank rate hikes were a necessary development , International Monetary Fund chief Christine Lagarde said Thursday, a day after Donald Trump sent global markets tumbling by calling Fed increases crazy . It is clearly a necessary development for those economies that are showing much improved growth, inflation that is picking up unemployment that is extremely low, Lagarde told a press briefing at the IMF s annual meeting in Bali. It s inevitable that [ ]

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