Kristalina Georgieva, IMF managing director, speaks on a panel at the World Economic Forum in Davos, Switzerland.
Economists and analysts aren’t convinced that an expansion of oil and gas production will lower consumer prices.
The Fed held interest rates steady as it continues to combat inflation. President Trump wants to see lower rates, but some of his policies could fuel more price hikes.
The annual gathering in the Swiss ski resort had a complicated geopolitical backdrop this year.
At the World Economic Forum, President Trump's return to the White House overshadowed traditional talk on climate change, trade and development.
Treasury yield surpassed 5%, it could "shock" the stock market and "force a revaluation," BlackRock's Larry Fink said.
Inflation driven by tariffs is among the biggest market risks in 2025, Nicolai Tangen, head of the world's biggest sovereign wealth fund, said Tuesday.
BlackRock Inc. Chief Executive Officer Larry Fink said investors are too quick to conclude that high inflation is over, raising the prospect that bond yields will rise along with steeper prices.
South Africa's economic outlook is better this year than last, but the inflation picture is more muddied as risks abound, its central bank governor said on Tuesday.
Trump said Powell and the Fed "failed to stop the problem they created with inflation" in a post on Truth Social on Wednesday.
President Trump is an avowed supporter of tariffs, but many experts say such trade measures can boost inflation.