IMF’s Georgieva: US goods inflation has been somewhat affected by tariffs

The International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Wednesday that goods US inflation has been somewhat affected by tariffs.

Key quotes

Goods US inflation has been somewhat affected by tariffs.

Bringing down the federal funds rate to 3.25% and 3.5% consistent with United States economy returning to full employment. 

Putting US public debt on downward path will require determined actions. 

We share Trump administration concern about growing United States trade and current account deficits. 

We have not opined on Supreme Court decision to strike down some of Trump's tariffs. 

We will digest implications of court decision and incorporate into full U.S. Article IV report. 

U.S. average tariff rate is now about 10 percent compared with estimates of up to 25 percent in April 2025. 

United States remains attractive to financial flows from other countries

U.S. is in a position to fund its spending but deficits need to come down in medium term.