IMF says Federal Reserve is appropriately keeping close eye on data
TLT•The IMF said the Federal Reserve is appropriately watching economic data as it shapes monetary policy, after the central bank left its key interest rate unchanged. The IMF said the Fed and European Central Bank face high uncertainty and need to assess data closely.
1. IMF backs data focus
IMF spokesperson Julie Kozack said the organization supported Fed Chair Kevin Warsh’s comments about the central bank’s focus on price stability. She said the Fed and European Central Bank, which both left interest rates unchanged at meetings this week, were operating in an environment of high uncertainty and needed to closely assess economic data.
