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Entries in Jackson Hole (1)

Sunday
Aug282011

IMF Chief Lagarde Urges for Coordinated Policy at Jackson Hole

Bloomberg/Getty Images(JACKSON HOLE, Wyo.) – IMF Chief Christine Lagarde urged the United States to take action to save the European economy at a U.S. Federal Reserve meeting in Jackson Hole on Saturday.

Lagarde warned that the global economy has not recovered at a sufficiently smooth pace. She requested that the U.S. and the E.U. coordinate their economic policies.

The speech was Lagarde’s first major appearance since taking over the IMF in July following the Dominique Strauss-Kahn scandal.

Copyright 2011 ABC News Radio