News Snapshot:
IMF Warns of Dangers of Fed’s Rate Rise, Brazil Says Inflation ‘Won’t Be Temporary in West’ Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), has warned that the Federal Reserve (Fed)'s next interest rate hike could “throw cold water on nations with high levels of dollar debt” – and their recovery from the COVID-19 pandemic’s economic fallout. Georgieva was speaking at an event named “Global Economic Outlook” at the World Economic Forum in Davos, where she stated that the Fed was “acting responsibly” in its response to fast-growing inflation. She said that inflation was “turning into a...
