The head of the International Monetary Fund warned policymakers on Wednesday to avoid mistakes that could derail a fragile global recovery.
IMF Managing Director Christine Lagarde said that Congress should promptly increase the U.S. government’s borrowing limit and the Federal Reserve should avoid withdrawing its financial support too rapidly.
Lagarde noted that the world economy is still feeling the impact of the Great Recession and 2008 financial crisis. “The crisis still lingers. Yet, optimism is in the air,” Lagarde said in a speech at the National Press Club. “The deep freeze is behind and the horizon is brighter.”
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