Looking out for the banks she is!
"IMF reduces US economic growth forecast" by Annie Lowrey | New York Times, July 04, 2012
WASHINGTON — In its annual assessment of the US economy, the International Monetary Fund also had a sharp warning for Washington: avoid the fiscal cliff at the end of the year, when the Bush-era tax cuts expire and mandatory spending cuts across the government come into effect. The sudden shock could be enough to put the country back into recession, the fund warned, with global repercussions.
In a news conference, Christine Lagarde, the fund’s managing director, also said that Congress should ‘‘promptly’’ raise the debt ceiling to avoid spooking the global debt markets and raising the country’s borrowing costs....
Should policy makers fail to lessen the end-of-the-year fiscal blow and raise the debt ceiling, ‘‘the domestic effects would be severe, with negative spillovers to the rest of the world,’’ warned Lagarde....
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Related: Christine Lagarde and Nicolas Sarkozy embroiled in new corruption inquiry
Oh, I'm feeling a lot better about her now.
Do you remember who she replaced?
