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IMF’s Lagarde urges leaders to find ways to spread wealth

“An IMF report out Wednesday concluded that many countries could raise taxes on the wealthiest without sacrificing economic growth” reports foxbusiness.com. World leaders should take advantage of the healthiest global growth in years to pursue policies that will spread prosperity to those being left behind, the head of the International Monetary Fund is arguing.And Lagarde says three-fourths of the world economy is participating in the uptick, creating the broadest recovery in a decade.Lagarde’s warning came as global financial leaders gathered in Washington for the annual meetings of the 189-member IMF and its sister lending organization, the World Bank.The Federal Reserve has announced that it will start this month trimming its $4.5 trillion balance sheet, which was increased five-fold since 2008 as the Fed tried unconventional means to jump-start economic growth.
 
Source: foxbusiness.com



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