The International Monetary Fund on Thursday urged the U.S. Federal Reserve and other global central banks to “stay the course” on monetary policy and remain vigilant in combating inflation.
IMF spokesperson Julie Kozack said inflation momentum has slowed in the United States, but remained a pressing concern.
“If inflation does prove to be more persistent than expected, then the Fed may need to push interest rates higher for longer,” she told reporters at a regular briefing.
Read More : IMF Urges Fed and Central Banks to Maintain Tightening Measures in Efforts to Combat Inflation