IMF chief economist sees no danger of U.S. economy overheating
Maurice Obstfeld delivers the International Monetary Fund's media briefing on the world economic outlook during its annual meeting in Lima, Peru, October 6, 2015. REUTERS/Mariana Bazo
WASHINGTON (Reuters) - The U.S. economy is not in danger of overheating, and the Federal Reserve should continue its data-dependent approach to another interest rate hike, the International Monetary Fund chief economist Maurice Obstfeld said on Tuesday.
Obstfeld told a news conference that the Fed's decision not to go for a second rate hike in September "was a very appropriate balancing of the risks in the economy."
"At the moment, inflation is below their target levels, wage pressures are moderate, and so there doesn't seem to be a great danger of overheating," Obstfeld said.
(Reporting by David Lawder; Editing by Chizu Nomiyama)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Microsoft-backed Rubrik prices IPO above range at $32 per share, source says
- Teradyne sees strong Q2 results on steady chip-testing equipment demand
- Blinken to meet businesses in Shanghai as he kicks off a tough China trip
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!