IMF Chair Christine Lagarde …. “Keep those rates low Chair Janet Yellen” …. Defying our Monday Request

So my plea to Chair Yellen earlier this week to stop the stimulus, was immediately countered by the IMF (International Monetary Fund) and their Chair, Chirsting Lagarde.

IMF Lowers it USA Growth Forecast

This from their recent USA directed report :

steps should be taken to approve and implement a credible medium-term fiscal consolidation plan so as to provide the flexibility for more near-term fiscal support to the economy….

And here is a chart from the IMF on their feared increase in rates:

IMF Monitary Policy chart

As mentioned in our Monday post, we disagree, of course no one at the IMF asked us. It is certainly easy to see why the FOMC’s job is not easy.

Bottom line, we think the US economy is stronger than what the IMF thinks….good news, we will find out in a few quarters….. Markets are still frothy though !!!

Have a Great Day!  Sorry for all the FED talk, but it is so topical, we had to jump in !

John A. Kvale CFA, CFP

PS If you happen to be an economic nerd like me and want to listen to the entire press conference here is the link.
PSS Here is a great interview with Bloomberg’s Tom Keene just after the press conference.
PSSS Due to a death in the family and an adjusted turn around business trip, I will be traveling the remainder of the week.
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Dallas, TX 75225



Filed under: Market Comments, World Political Tagged: Bloomberg, Christine Lagarde, IMF, IMF USA Outlook, Tom Keene

About the author

John Kvale

John A. Kvale CFA, CFP, is the founder of J.K. Financial, Inc. and with 22 years of industry experience is currently the president of J.K.Financial, a fee only financial planning and wealth management firm. J.K. Financial specializes in wealth management, adhering to unique approaches to investing in the capital markets. The company has a global presence, serving individual and institutional clients across the United States as well as several foreign countries.

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