IMF's Obstfeld takes up the reins on the IMF roadshow wagon and speaks to Bloomberg TV

  • Doesn't see much chance of a US recession
  • Fed will lift rates when the economy warrants it
  • Says the Fed has been more transparent in communications

If you want transparency then don't look to people like Lockhart and Bullard. They change their tunes more often than I change my socks

At the moment nearly everyone one of them wants to raise this year yet they keep saying no when it counts at the FOMC

Forward guidance my arse