Rato says more Fed hikes may be needed

International Monetary Fund chief Rodrigo Rato said on Monday 22 May that the Federal Reserve may need to continue raising interest rates depending upon how US economic conditions evolve.

"I back the idea that the U.S. monetary authorities have done a very important job in getting to a more neutral monetary policy regarding their own economy."

"Still some measures might be needed in the future, but that will depend very much on the data on the strength of the U.S. economy," Rato, the IMF managi

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