The IMF expects the U.S. economy to experience high inflation for at least another year or two. recession USeconomy globalinflation
“I would be careful about looking at one data point for the U.S.,” IMF First Deputy Managing Director Gita Gopinath cautioned.The first deputy managing director of the International Monetary Fund , Gita Gopinath, discussed global inflation and the U.S. economy in an interview with Bloomberg Friday in Jackson Hole, Wyoming.
There are global factors like energy prices and food prices that are driving it but there are also kind of more sticky components of inflation that are high. Commenting on Powell’s speech, Gopinath opined: “What was great was that he came out as being firm and resolute about bringing inflation down to target, making sure inflation expectations don’t get de-anchored and that, I think, is exactly what you need to make sure that the economic health of the world is in a good place over the medium to long term.”
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