IMF Says Fed Should Hold Rates Steady

Article Submitted by: Sol Nasisi
Economics and Currencies


Tags: Imf, John lipsky.

The INF in a report released today says that the Fed should hold rates steady for now.

 

Submitted: Jun 23, 2008    Views: 55    Comments: 2    Likes: 1   


The IMF, International Monetary Fund, released out with a report today that says that the Fed's recent rate cuts have set the stage for an economic recovery and that "a risk-management approach would suggest that policy should be on hold."

The report further predicts that inflation will remain in control even as prices go up in the short term. The IMF expects inflation to rise to 4% in 2008 before falling back to 2% in 2009.

John Lipsky, first deputy managing director at the IMF, said that he believes the Fed will need a "vigorous response" to inflation once the recovery has taken hold.

 




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Comments Received:

Rob
(Unregistered)

The Fed shouldn't be responding to the IMF. They have two mandates. First, to stimulate the economy and, second, to fight inflation. They have taken action against the first, and now it is high time to turn around and deal with the second.

Posted: Jun 24, 2008

Sol Nasisi
Sol_Nasisi

The Fed isn't responding to the IMF. It's just their opinion. Take it or leave it.

Posted: Jun 24, 2008



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