IMF Chief: “US to Control Inflation and Begin Lowering Interest Rates This Year”

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IMF Managing Director Kristalina Georgieva speaking at the Milken Conference in Los Angeles, USA on the 6th (local time) [Photo provided by Yonhap News],
, ‘IMF Managing Director Kristalina Georgieva has forecasted that the United States will begin lowering interest rates within this year.’,
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, ‘At a conference held in Los Angeles, USA on the 6th (local time), Director Georgieva stated, “All aspects, including a robust labor market and the energy resources needed for artificial intelligence, are favorable for the U.S. economy,” and added, “In our base scenario, inflation is expected to decline to the target level this year, and the Federal Reserve will start lowering interest rates.”‘,
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, ‘Regarding the fiscal deficit issue in the United States, Director Georgieva emphasized that “When a country has a young population growth, they can be generous in fiscal spending, but when it becomes an aging society, the scale and target of spending should be decided very carefully.”‘,
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, ‘Furthermore, Director Georgieva commented on the significant influence of the strong dollar on the global economy, saying, “Many emerging countries have prepared measures wisely regarding foreign exchange reserves, so they now have much greater resilience than before,” and added, “They can withstand the current dramatic changes.”‘,
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