Lagarde defends rate hikes as Trump calls Fed ‘crazy’

Christine Lagarde
Christine Lagarde

International Monetary Fund chief Christine Lagarde came to the defence of central banks’ policy normalisation today (October 11), a day after US president Donald Trump called the Federal Reserve “crazy” for raising rates.

“[Normalisation] is clearly a necessary development for those economies that are now showing much improved growth, inflation that is picking up and falling into the range or reaching the thresholds, unemployment that is extremely low,” Lagarde told journalists at the IMF’s

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: