IMF Warns US of Prolonged High Interest Rates, Urges Fiscal Tightening to Tackle Inflation

A man walks past the International Monetary Fund (IMF) logo at its headquarters in Washington, D.C., on May 10, 2018. Yuri Gripas/Reuters

The International Monetary Fund (IMF) has emphasized the need for the United States to maintain higher interest rates for an extended period to curb inflation in a statement following the financial institution’s comprehensive assessment of U.S. policies.

Additionally, the IMF urged Washington to adopt stricter fiscal measures to address the mounting federal debt.