IMF endorses Fed monetary policy in Article IV report

IMF headquarters in Washington DC

The International Monetary Fund (IMF) today endorsed the Federal Reserve's line of attack in nurturing the US economy back to health through keeping interest rates close to zero, and continuing quantitative easing – but said that on current projections, the Fed is likely to end those policies sooner than the fund would think prudent.

The IMF staff report following its Article IV consultation expressed concerns at the pace of fiscal consolidation in the US, saying it "should be more balanced and

To continue reading...