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IMF chief economist sees no danger of U.S. economy overheating

Oct 5, 2016, 8:49 AM
News ID: 4273
IMF chief economist sees no danger of U.S. economy overheating

EghtesadOnline: The U.S. economy is not in danger of overheating, and the Federal Reserve should continue its data-dependent approach to another interest rate hike, the International Monetary Fund chief economist Maurice Obstfeld said on Tuesday.

Obstfeld told a news conference that the Fed's decision not to go for a second rate hike in September "was a very appropriate balancing of the risks in the economy."

"At the moment, inflation is below their target levels, wage pressures are moderate, and so there doesn't seem to be a great danger of overheating," Obstfeld said.