IMF Chief Says Fed Is 'Definitely' Securing Soft Landing, Warns of Fragmentation.

The head of the International Monetary Fund (IMF), Kristalina Georgieva, stated in an interview that the US economy is on track for a soft landing, thanks to the Federal Reserve's efforts to control inflation. Despite some negative effects from higher interest rates, the economy has not entered a recession. There is hope that the cooling of inflation and the labor market will allow the Fed to cut rates this year. Georgieva also emphasized the importance of addressing the negative impacts of globalization to prevent resentment and isolationism. Additionally, the IMF has warned about the economic damage caused by fragmentation and the potential loss of access to critical minerals needed for green technologies. [Extracted from the article]