IMF agrees with Fed on ‘transitory’ inflation
Georgieva says recent inflation spike likely to pass; supports Biden’s fiscal plans
The International Monetary Fund’s Kristalina Georgieva has given broad support to US fiscal and monetary policies, arguing a recent surge in inflation will soon pass.
The IMF managing director spoke on July 1 as the fund concluded Article IV consultations with the US, the fund’s most influential member-state.
The managing director stated her support for the Federal Reserve’s current monetary policies. She concurred with Fed leaders that a recent spikes in US price rises is not likely to endure
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