Madame Lagarde on the US outlook
• Inflation should hit Fed's goal by mid-2017
• US growth prospects good in the near term despite Q1
• Agrees Fed must be data dependant
• Cheaper oil prices will keep boosting US growth
• Better for Fed to wait even if inflation overshoots
I'm sure Yellen is writing this all down
Two's a crowd Aunty Janet (h/t @LorcanRK)
Comments on Greece also (of course)
• Welcomes yesterday's constructive meeting on Greece
• Says there's a window of time for Greece on creditor proposals
• Looks forward to hearing the positions of Greek authorities
• Endorses points made by Draghi yesterday
• Greece payment bundling does not appear on the cards
• Everything needs to add up for IMF on Greece
• Is confident IMF payment from Greece will be honoured
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