Christine Lagarde

IMF head: Trump good for US economy for now as trouble looms

The head of the International Monetary Fund said Sunday that U.S. President Donald Trump taking office is likely good for the American economy in the short term, though rising interest rates and a strengthening dollar will challenge global trade.

Christine Lagarde said Trump's plans for additional investment in U.S. infrastructure and his likely tax reforms will boost America's economic fortunes.

However, Lagarde acknowledged that Trump's policies likely will squeeze international markets.

"That's a tightening that is going to be difficult on the global economy and for which economies have to prepare," Lagarde said during an event at the World Government...

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