Christine Lagarde says US Fed should focus on stability, avoid ‘abrupt’ moves

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Washington | Updated: June 22, 2016 8:31:25 PM

Lagarde, in a news conference on the IMF's U.S. policy review, said the IMF was "aligned" with Fed Chair Janet Yellen on the need for clear policy communications.

christine lagarde imfLagarde, in a news conference on the IMF?s U.S. policy review, said the IMF was ?aligned? with Fed Chair Janet Yellen on the need for clear policy communications. (Reuters)

International Monetary Fund Managing Director Christine Lagarde said on Wednesday that the Federal Reserve should avoid “abrupt” interest rate moves and focus on stability in its monetary policy.

Lagarde, in a news conference on the IMF’s US policy review, said the IMF was “aligned” with Fed Chair Janet Yellen on the need for clear policy communications.

“We also support the view that any such decision to increase rates should be data-dependent, should be gradual and should clearly be focused on the objective of stability, and not abrupt decisions one way or another,” Lagarde said, adding that she would not want to see the Fed in a position of having to reverse course on interest rates.

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