Earlier Monday, a United Nations agencyfor developing countries. It called for a new strategy, including corporate windfall taxes, supply-side efforts, and regulation on commodity speculation.
Georgieva called on the Fed to be extremely prudent in its policies and be mindful of the spillover impact on the rest of the world, adding its responsibility “is very high.”The IMF sees labor markets in the United States are still quite tight, demand is still quite significant for goods and services, and the Fed has to continue on the course of tightening in that environment, she said.
“We are likely to see…unemployment going up and that will be the time for the Fed to say we have done our job. We can ease in the future. We are not there yet.”
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