Olivier Blanchard, the International Monetary Fund’s chief economist, said he isn’t worried about an increase in U.S. inflation and those who fear a short-term jump in prices are “plain wrong.”
Stress tests on European banks are “most definitely” needed, the International Monetary Fund’s chief economist said.
The Federal Reserve’s stimulus boost has made carry trades more attractive and may raise capital flows to emerging economies and weaken the dollar, International Monetary Fund Chief Economist Olivier Blanchard said.
"But, overall, we do not see a systemic threat to financial stability, mainly because of lower leverage in both banks and, to the extent we can measure it, in non-banks as well."
- Olivier Blanchard on Jul 24, 2014
Blanchard: U.S. Fiscal Consolidation Too Strong