FX.co ★ IMF sees US inflation remaining above Fed's 2%

IMF chief Kristalina Georgieva sees US inflation above the Federal Reserve’s 2% target in 2023 and 2024.

In April 2023, the head of the IMF predicted that the United States would face more problems due to growing global economic vulnerability. Although the banking sector in the United States and Switzerland is going through rough times, the 2008 global financial crisis will unlikely repeat, Kristalina Georgieva emphasized.

The IMF CEO also touched upon the US debt ceiling issue, saying it should be solved to avoid a default. She also commented on tense debt limit negotiations between the administration and Congress.