News & Events
Lew Warns Against Competitive Devaluation as Dollar Gains
U.S. Treasury Secretary Jacob J. Lew warned global policy makers against devaluing exchange rates for competitive advantage amid mounting concern over the strength of the dollar and slowing world growth.With counterparts in Asia and Europe embracing declining currencies as they seek to boost their e
Fischer Says Fed May Slow Tightening If World Growth Disappoints
Federal Reserve Vice Chairman Stanley Fischer said weaker-than-expected global growth could prompt the U.S. central bank to slow the pace of eventual interest-rate increases.“If foreign growth is weaker than anticipated, the consequences for the U.S. economy could lead the Fed to remove accomm
IMF Panel Sees Growing Risks in Weaker-Than Expected Recover
Risks to an “uneven and weaker-than-expected” global economic recovery have increased, the International Monetary Fund’s steering committee said.At the end of meetings of finance ministers in Washington, the International Monetary and Financial Committee also said in a statement to