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I Thought The IMF Was Only Worried About Third World Countries
Rodrigo Rato, the next head of the International Monetary Fund (IMF) said Tuesday the United States should use its current economic prosperity to gain control of its soaring budget deficits.
He predicted that any increases in interest rates by America's Federal Reserve would be moderate.
Rato signaled no change in IMF policy during his first Washington news conference since he was selected last week by the group's executive board to succeed Horst Koehler as managing director.