IMF deputy says U.S. Fed has room to cut rates

Deputy IMF managing director Eduardo Aninat said in a speech the Federal Reserve has played a valuable role in sustaining domestic demand and "retains room to provide further stimulus should the recovery falter".

Source: Reuters

International Monetary Fund deputy managing director Eduardo Aninat urged U.S. and European central banks to keep policy accommodative until a global economic recovery was assured.

In a speech at Germany's Ifo economic institute, Aninat said the U.S. Federal Reserve had