IMF's Christine Lagarde urges action on fiscal cliff, euro crisis
Monday, September 24, 2012 - 16:02 Yuri Kadobnov/AFP/Getty Images International Monetary Fund (IMF) chief Christine Lagarde. Christine Lagarde, managing director of the International Monetary Fund, is calling for more action from the U.S. and Europe today to fix the global economy, she said in an exclusive broadcast interview with Marketplace. Lagarde's comments echoed a speech she gave at the Peterson Institute for International Economics in advance of IMF meetings in Japan next month. Lagarde praised central banks in the U.S. and Europe for the steps they've taken so far to help the worldwide economic recovery. But, she warned, that's not enough. "[It's] urgent because we have at the moment what we call a momentum. In other words, good things have been done -- particularly by the central banks," she said. "They've created a little bit of calm and responded to the anxiety of the markets. So now is the time for the policy makers to do what they have to do." Lagarde warned that American ...
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PODCAST: Ripples from QE3
Friday, September 14, 2012 - 08:35 JEWEL SAMAD/AFP/GettyImages U.S. Federal Reserve chief Ben Bernanke speaks at a news conference in Washington, D.C., on Sept. 13, 2012 following a two-day Federal Open Market Committee meeting. Bernanke said that the country's unemployment situation 'remains a grave concern' while speaking after the Fed cut its growth projections for 2012 and announced fresh monetary easing efforts aimed at pushing down long-term interest rates to encourage investment and hiring. Markets are up today following the announcement of another round of quantitative easing. The Fed will spend $40 billion a month buying mortgage securities to keep interest rates down and inject liquidity into the U.S. economy. Consumer prices rose in August by the most in three years. The consumer price index jumped six-tenths of a percent last month a lot of that was due to the rising price of gas. It's still not the kind of inflation that seems to concern most economists. U.S. retail sales ...
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BOJ's Kuroda: need financial sector support for monetary policy to work
TOKYO - Bank of Japan Governor Haruhiko Kuroda said on Monday the financial sector's support of corporate and household activity is necessary for monetary policy to lead to higher economic growth.
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Found 1 month ago on channel
Reuters
United States puts Japan on notice in currency report
WASHINGTON - The Obama administration on Friday put Japan on notice that it was watching its economic policies to ensure they were not aimed at devaluing the yen to gain a competitive advantage.
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Found 1 month ago on channel
Reuters
U.S. Says It Is Monitoring Japan on Yen Policies
The U.S. said it is monitoring Japanese policies that have pushed down the yen and that it would press Tokyo to refrain from engaging in a competitive devaluation.
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