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IMF chief defends rate hikes after Trump slams ‘crazy’ Fed

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(G.N.S) DT.11 Central bank rate hikes were a “necessary development”, International Monetary Fund (IMF) Chief Christine Lagarde said today, a day after Donald Trump sent global markets tumbling by calling Fed increases “crazy”.”It’s clearly a necessary development for those economies that are showing much-improved growth, inflation that’s picking up… unemployment that’s extremely low,” Lagarde told a press briefing at the IMF’s annual meeting in Bali.”It’s inevitable that central banks make those decisions,” Lagarde said.Trump’s comments yesterday

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