Economics
IMF Urges Fed to Postpone Rate Liftoff to First Half of 2016
Is the IMF Interfering in Federal Reserve Policy?
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The International Monetary Fund waded into the debate over when the Federal Reserve should raise interest rates, calling on the central bank to wait until the first half of 2016 and cutting its U.S. growth forecast for the second time this year.
The lender also said that the dollar was “moderately overvalued” and a further marked appreciation would be “harmful,” in a statement released in Washington on Thursday on its annual checkup of the U.S. economy.