IMF says U.S. should tighten fiscal policy to help cut persistent inflation

Yahoo!Finance-Reuters/David Lawder/5-26-2023

“The International Monetary Fund said on Friday U.S. interest rates will likely need to remain higher for longer to tame inflation, and Washington needs to tighten fiscal policy to bring down its federal debt.”

USAGOLD note: Isn’t this the kind of advice IMF usually offers to countries like Argentina and Turkey? Needless to say, even if the politicians agree on a debt ceiling the spending will continue at a high level.