June 4th, 2015
Episode 378 of 861 episodes
The cost of borrowing money in the world's biggest economy has been close to zero for more than six years now. So is it time for US interest rates to rise? No, according to the International Monetary Fund. It's urged the US central bank to hold fire until next year. It's unusual for the IMF to intervene directly and issue advice on what a central bank should do with interest rates. Cary Leahy of Decision Economics told us what investors on Wall Street made of it.