IMF's Georgieva: Fed is acting responsibly because US inflation is turning into economic/social concern

Joel Frank Independent Analyst

International Monetary Fund Managing Director Kristalina Georgieva said on Friday that the Fed is acting responsibly as inflation in the US is now turning into an economic and social concern. The IMF's MD warned that interest rate hikes by the Fed could "throw cold water" on what is already a weak recovery in some places. She called what the Fed is doing to communicate the current policy shift "hugely important".

Market Reaction

There was no reaction to Georgieva's remarks.

Author

Joel Frank

Independent Analyst

Joel Frank is an economics graduate from the University of Birmingham and has worked as a full-time financial market analyst since 2018, specialising in the coverage of how developments in the global economy impact financial asset

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