IMF official questions Fed's global role in next crisis
Reuters
Published Jan 24, 2019 12:21PM ET
IMF official questions Fed's global role in next crisis
DAVOS, Switzerland (Reuters) - A senior International Monetary Fund official publicly questioned on Thursday whether the U.S. Federal Reserve might feel constrained from lending a hand to other nations in the event of another global financial crisis.
IMF First Deputy Managing Director David Lipton made the comment at the World Economic Forum during a panel discussion about how to prevent another crisis, noting that a new crisis might make it politically hard for the Fed to act next time.
During the 2008 crisis, the Fed stepped in to help other nations' central banks, extending large currency swap lines that effectively extended U.S. dollar liquidity to them.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.