“US policymakers should allow inflation to rise above official targets, the International Monetary Fund has recommended, as it warned that the risks of deflation still loom over the world’s largest economy.”
IMF advised the Fed to create more inflation to keep the economy running. It is as though the IMF and the Fed is now realizing the economy has been on life-support since 2008 to prop up the economy. When the life-support (low interest rates) are taken away, the economy crashes.
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