IMF Chief forecasts lower inflation and rates ahead, advises everyone to cheer up

<p>International Monetary Fund Managing Director Kristalina Georgieva spoke in an interview with CNN on Tuesday, forecasting lower inflation ahead:</p><ul><li>"People should be feeling good about the economy because they finally would see relief in terms of prices," </li></ul><p>Praised FOMC rate hikes:</p><ul><li>"While that has been painful, especially for small businesses, it has brought the desired impact without pushing the economy into recession"</li></ul><p>Advises you lot to cheer up:</p><ul><li>"My message to everyone is, you have a job and interest rates are going to moderate this year because inflation is going down. Cheer up. It is a new year, people"</li></ul><p>Her outlook for the US economy:</p><ul><li>“definitely” headed for a soft landing</li><li>the Federal Reserve’s “decisiveness” in taming inflation despite some pain from higher interest rates "has brought the desired impact without pushing the economy into recession,” </li></ul><p>If I recall, the rollover to the new year saw US public debt heading up over $34 trillion. Awesome. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.