IMF Gopinath: The Right of the Fed and the European Central Bank to Tighten Policy – Handelsblatt

BERLIN (Reuters) – International Monetary Fund First Deputy Managing Director Gita Gopinath said U.S. inflation was “very stubborn” and the Federal Reserve should “keep on track” and tighten monetary policy or lose credibility.

Gopinath, in comments to German daily Handelsblatt on Monday, said it would be appropriate for the ECB to “normalize its monetary policy by the end of the year and then tighten it next year.”