Reported about 2 months ago
The Federal Reserve plans to cut interest rates in September, following Chair Jerome Powell's announcement at the Jackson Hole Economic Symposium. IMF chief economist Pierre-Olivier Gourinchas discusses the implications, highlighting two scenarios: a positive outcome where the US rate cut supports global currencies, especially in emerging markets, and a negative scenario, where aggressive cuts due to economic slowdown harm those markets. Gourinchas notes that the US economy is performing well, with improving inflation and activity levels.
Source: YAHOO