Lagarde Says Fed Must Be Sure Of Jobs And Prices Before Moving

Lagarde Says Fed Must Be Sure Of Jobs And Prices Before Moving

The U.S. Federal Reserve must be certain that the job market is stable and inflation is strong enough to justify a rate increase, the head of the International Monetary Fund stated.

“The IMF thinks that it is better to make sure that the data is confirmed, and that there is no uncertainty, neither on the front of price stability nor on the employment and unemployment front, before it actually makes a move.”

Fed Vice Chairman Stanley Fischer stated, during a briefing to G-20 officials that “the numbers in the U.S. are excellent because unemployment went down from 5.3 to 5.1 percent, which is an excellent number, but the 173,000 jobs added in August was not accurate data.”

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