US inflation has not 'turned the corner yet', IMF's Gopinath warns - FT

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05-01-2023 | 02:43
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US inflation has not 'turned the corner yet', IMF's Gopinath warns - FT
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US inflation has not 'turned the corner yet', IMF's Gopinath warns - FT
Inflation in the United States has not "turned the corner yet" and it is too early for the Federal Reserve to declare victory in the fight on rising prices, a top IMF official said in an interview with the Financial Times on Thursday.

Gita Gopinath, a deputy managing director of the Fund, urged the US central bank to press ahead with rate rises this year.

She said it was important for the Fed to "maintain restrictive monetary policy" until a "very definite, durable decline in inflation" was evident in wages and industries not related to food or energy.
 
 
 
REUTERS
 

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