IMF Backs Federal Reserve Data Focus
The International Monetary Fund praised the Federal Reserve for monitoring economic data closely after the US economy grew rapidly in the third quarter. IMF officials stressed the need to maintain price stability as inflation remains above the two percent target.
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The International Monetary Fund endorsed the United States Federal Reserve's data-dependent stance on monetary policy, noting that inflation remains above target. The backing arrived on Thursday, a day after the central bank held its benchmark interest rate steady. Policymakers are navigating persistent price pressures while broader economic growth accelerates.
