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WiredJa Online News

Wiredja Online News Logo

WiredJa Online News

IMF boss will not appeal court decision

Managing Director of the International Monetary Fund (IMF) Christine Lagarde says she will not appeal a decision by a French court to convict her for negligence.Lagarde was convicted for negligence in relation to her approving a multi million dollar payout to a businessman for the disputed sale of a firm.

The Fed's Interest Rate Games

Since the global financial system is based on the US dollar, the world’s attention is fixed on the interest rates of the Federal Reserve System. The Fed base rate, which is the same as the rate on Federal funds, is determined at meetings of the Federal Open Market Committee of the US Federal Reserve. There are eight of these meetings throughout the year, but the committee can also hold unscheduled meetings to change the rate.
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