"Despite the many responses to the crisis … recovery is modest, laborious, fragile, and measures to boost demand, despite the goodwill of central banks, will find their limits"
- Christine Lagarde, IMF director
Growth in the world's number one economy is set to accelerate in the near term, Lagarde said, adding that threats to the U.S. growth include the central bank's ability to scale back its asset purchases in an orderly manner and that of the Treasury to put in place a medium-term budget framework. Currently central bankers are discussing how long to keep interest rates low after completing a bond-buying programme, which is expected to end late this year. Janet Yellen said last month the Fed does not intend "to signal any imminent change" in policy as well as that the balance sheet will remain large "for some time."
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