Lagarde Warns of ‘Bumpy Ride’ as Fed Prepares for Rate Rise
Christine Lagarde, managing director of the International Monetary Fund (IMF), during a panel discussion at the IMF and World Bank Group Annual Meetings in Washington, D.C. on Oct. 9, 2014.
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
IMF Managing Director Christine Lagarde says the world could be in for a “bumpy ride” when the Federal Reserve starts raising interest rates, with overpriced markets and emerging economies likely to take the biggest hits.
While risks to the global economy have decreased over the last six months, threats to the world’s financial system have actually risen, Lagarde said on Thursday ahead of next week’s spring meetings of the International Monetary Fund and World Bank in Washington.