IMF Chief Says US Inflation in ‘Good Place,’ Fed ‘Got It Right’
- US is on track for a soft landing, Kristalina Georgieva says
- World economic growth also supported by emerging-market Asia
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The US economy looks on track for a soft landing as monetary policy cooled inflation without tipping the economy into recession, according to the chief of the International Monetary Fund, who also credited the world’s biggest economy for helping support global growth as other nations slowed.
The Federal Reserve broadly “got it right” by holding interest rates at their highs before the half-point cut earlier this month, Managing Director Kristalina Georgieva said in an interview with Bloomberg Television at the Global Business Forum in New York on Tuesday.