Leaders Need: Lagarde and Income Inequality

leaders need: It is not time to be complacent, she told reporters at a news conference Thursday, according to The Japan Times. Policymakers can use this moment to provide more certainty and provide for the future risks. IMF Managing Director Christine Lagarde warned that global financial leaders need to beware of a number of threats from growing political tensions to increased skepticism about the benefits of globalization and rising levels of income inequality. ; Lagarde said it will be important for finance ministers from the IMF's 189-member countries to focus on addressing these threats at a time when the global economy appears to finally be in a sustained recovery following the deep recession caused by the 2008 financial crisis. Lagarde's warning comes as global financial leaders gathered in Washington for the annual meetings of the IMF and its sister lending organization, the World Bank. In addition, finance officials from the world's 20 biggest economies, the Group of 20, were meeting Thursday and Friday to discuss the current economic situation. Prior to Lagarde's warning, foreign finance leaders already had raised questions about how the Trump administration would pursue its America First policies and whether they would harm the global economy with rising protectionist trade pressures or market disruptions from increased tensions with North Korea and other nations. (news.financializer.com). As reported in the news.