Janet Yellen believes rising inflation will lead to lower unemployment. But what we've learned over past decades is the reverse: Lower inflation leads to lower unemployment.» Read More
WASHINGTON— The world's top financial officials say they believe the global economy is strengthening but that growth remains fragile and open to risks of new geopolitical strife, as in Ukraine. Rich countries have been helping power the recovery led by the United States and Britain, and the eurozone and Japan are doing better.
*G20 gives U.S. until year-end to ratify reforms to the Fund. WASHINGTON, April 13- Reforms to the International Monetary Fund have hit a deadlock despite a declaration from global financial chiefs that they would move forward without the United States if it fails to ratify the changes by year-end, a G20 official said on Sunday.
WASHINGTON, April 12- A senior Chinese official hit back on Saturday at International Monetary Fund warnings that China's economy faced the danger of a hard landing due to poor asset quality, saying the government was taking action to deal with financial risk.
WASHINGTON— The world's top finance officials expressed confidence Saturday that the global economy finally has turned the corner to stronger growth.
WASHINGTON, April 11- The leaders of the International Monetary Fund, World Bank and United Nations on Friday called upon finance ministers to use fiscal policies, such as carbon taxes, to combat climate change. IMF Managing Director Christine Lagarde and World Bank President Jim Yong Kim were joined by U.N.
WASHINGTON, April 10- Ukraine Finance Minister Oleksander Shlapak said on Thursday that Kiev has fulfilled all conditions to receive the first portion of the financial aid package from the International Monetary Fund.
TORONTO— Former Canadian finance minister Jim Flaherty, a fixture on the world financial stage who stepped down just three weeks ago, has died. The House of Commons in Ottawa abruptly suspended business as word of his death circulated and the finance ministers of the G-20 paid tribute to Flaherty at the start of their meetings in Washington on Thursday.
WASHINGTON, April 10- The International Monetary Fund on Thursday urged nations around the world to move ahead more quickly on policies needed to secure a stronger recovery and avoid a prolonged global slump.
CNBC's Sara Eisen and Christine Lagarde, IMF managing director, discuss the risk of inflation for the euro zone and the potential for a Fed-style QE in Europe.
Christine Lagarde, IMF managing director, shares her views in the state of the global economy and discusses the impact that each individual economy has on the rest of the world.
WASHINGTON— Treasury Secretary Jacob Lew told his Russian counterpart on Thursday that Russia could face tougher economic sanctions because of its actions in Ukraine.
The sale is a milestone for Greece. Greece has been relying on funds from international bailouts since May 2010— in return for which it has imposed a series of deeply unpopular spending cuts and tax hikes. The bond issue came a day before German Chancellor Angela Merkel was expected in Athens on a brief visit to meet with Samaras.
WASHINGTON, April 9- International Monetary Fund members must find a way around a deeply disappointing impasse in the U.S. Congress over reforms to the global lender, Australian Treasurer Joe Hockey said on Wednesday.
The International Monetary Fund admits that it had under-forecast the UK economy.
WASHINGTON— The global economy is strengthening but faces threats from super-low inflation and outflows of capital from emerging economies, the International Monetary Fund warned Tuesday. By contrast, developing nations, particularly Russia, Brazil and South Africa, are now expected to grow much more slowly than the IMF forecast three months ago.
The International Monetary Fund has already called on Europe to do more ahead of the IMF April 11-13 Spring gathering, alongside which G20 finance ministers and central bankers will meet.
WASHINGTON, April 6- The head of the International Monetary Fund dismissed a European central banker's recent remark that the IMF weighs in at his agency more than others such as the U.S. "We do say what we have to say when we think that it's appropriate to say it," IMF Managing Director Christine Lagarde said in an interview that aired on Fox News on Sunday.
NEW YORK, April 3- The euro dropped on Thursday after the European Central Bank kept interest rates on hold and pledged to use unconventional monetary measures if needed to battle low inflation in the euro zone.
FRANKFURT, April 3- The European Central Bank opened the door on Thursday to turning on its money-printing presses to boost the euro zone economy and keep inflation from staying too low.
LONDON, April 3- Global business activity accelerated last month, with solid performances in services and manufacturing suggesting the economy grew about 3 percent in the first quarter from a year earlier, a survey showed on Thursday.