Tuesday, 18 January, 2022
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US monetary policy should focus more on inflation risks: IMF

US monetary policy should focus more on inflation risks: IMF

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WASHINGTON: The International Monetary Fund on Friday warned of intensifying inflationary pressures, especially in the United States, and new uncertainties caused by the Omicron variant of Covid-19, and said US central bankers should focus more on inflation risks.

In a blog published Friday, IMF chief economist Gita Gopinath and Tobias Adrian, head of the fund’s monetary and capital markets division, warned that the resurgence of the pandemic and the Omicron variant had sharply increased uncertainty around global economic prospects, report agencies.