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Ian Talley <\/strong> The International Monetary Fund lowered its 2014 growth outlook Friday and waded into the hot public debate over the Federal Reserve\u2018s monetary easing exit strategy by suggesting that the central bank should continue its $85 billion a month bond buying until at least the end of 2013.<\/p>\n \u201cThere is no need to rush to exit from monetary accommodation given the still large output gap, given the subdued growth that we have, and given the well-anchored inflation expectations,\u201d said IMF Managing Director Christine Lagarde.<\/p>\n In its annual assessment of the U.S. economy, the fund kept its forecast for a slight cooling of growth this year to 1.9%, from 2.2% last year. But it cut its estimate for 2014 growth by 0.3 percentage points to 2.7% because of the automatic budget cuts that have crimped output.<\/p>\n Read full article<\/a><\/p>\n <!– <\/p>\n –><\/p>\n This article was posted: Friday, June 14, 2013 at 2:37 pm<\/p>\n Tags: economics<\/a>, financial<\/a><\/p>\n
Wall Street Journal<\/a>
June 14, 2013<\/p>\n
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