International Monetary Fund Managing Director Kristalina Georgieva spoke in an interview with CNN on Tuesday, forecasting lower inflation ahead:
- “People should be feeling good about the economy because they finally would see relief in terms of prices,”
Praised FOMC rate hikes:
- “While that has been painful, especially for small businesses, it has brought the desired impact without pushing the economy into recession”
Advises you lot to cheer up:
- “My message to everyone is, you have a job and interest rates are going to moderate this year because inflation is going down. Cheer up. It is a new year, people”
Her outlook for the US economy:
- “definitely” headed for a soft landing
- the Federal Reserve’s “decisiveness” in taming inflation despite some pain from higher interest rates “has brought the desired impact without pushing the economy into recession,”
If I recall, the rollover to the new year saw US public debt heading up over $34 trillion. Awesome.
This article was written by Eamonn Sheridan at www.forexlive.com. Source