International Monetary Fund (IMF) Managing Director Kristalina Georgieva told CNN on Tuesday that despite a stable labor market and easing interest rates, inflation will fall further in 2024. Americans should “have confidence” in the U.S. economy.
Key quotes
People should be feeling good about the economy because they are finally seeing a pullback in prices.
Although the process was painful, especially for small businesses, it had a salutary effect and the economy did not fall into recession.
My message to everyone is that everyone has a job and interest rates will be lowered this year as inflation will fall. At the beginning of the new year, everyone should cheer up.
Therefore, we would be better off finding ways to reduce friction and focus on solving security issues that really matter, rather than haphazardly dividing the world economy. If we just stick to trade friction, we will end up with a smaller pie.