Lagarde says US has ‘special responsibilty' to unwind QE responsibly

Christine Lagarde

The US has a "special responsibility" to manage a tapering of its asset purchasing programme "very carefully," because of the global impact that a normalisation of the Federal Reserve's monetary policy will have, International Monetary Fund (IMF) director Christine Lagarde said today.

The former French finance minister told an audience at George Washington University that a failure to raise the US debt ceiling could seriously damage the global economy. "The government shutdown is bad enough, but

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