Madame Lagarde on the US outlook
- Inflation should hit Fed's goal by mid-2017
- US growth prospects good in the near term despite Q1
- Agrees Fed must be data dependant
- Cheaper oil prices will keep boosting US growth
- Better for Fed to wait even if inflation overshoots
I'm sure Yellen is writing this all down
Two's a crowd Aunty Janet (h/t @LorcanRK)
Comments on Greece also (of course)
- Welcomes yesterday's constructive meeting on Greece
- Says there's a window of time for Greece on creditor proposals
- Looks forward to hearing the positions of Greek authorities
- Endorses points made by Draghi yesterday
- Greece payment bundling does not appear on the cards
- Everything needs to add up for IMF on Greece
- Is confident IMF payment from Greece will be honoured