US recession would be ‘necessary price’ to defeat inflation, says IMF chief

Kristalina Georgieva, managing director of the International Monetary Fund, says while she is confident the Fed will successfully combat inflation, the path is narrowing. – EPA pic, June 25, 2022.

WITH inflation rising sharply, and the Federal Reserve raising interest rates, the United States is facing an increased risk of a downturn, IMF Managing Director Kristalina Georgieva said yesterday.

However, any temporary pain caused by a recession would be “a necessary price to pay” to defeat damaging inflation, she said.

Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one (1) week free access!

Subscribe Now!

Sign up or sign in here to comment.