IMF warns on inflation, says the Fed and others should be prepared to tighten policy
2021-10-13 08:55:10 source:CNBC
October 12, 2021
Central banks such as the Federal Reserve should be prepared to tighten policy in case inflation gets out of control, the International Monetary Fund warned in a report Tuesday.
While the IMF said it largely concurs with assessments from the Fed and many economists that the current global spate of price increases eventually will ease, it noted there is “high uncertainty” around those forecasts.
The cautionary tone mentioned the U.S., as well as the U.K. and other developed economies, as places where “inflation risks are skewed to the upside.”
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