'..dominated by calls to keep up the fight against inflation, accelerate debt restructuring for poor countries..''WASHINGTON, April 17 (Reuters) - Just a month after the biggest banking crisis in more than a decade, the world's top economic and financial policymakers gathered in Washington and said surprisingly little about financial system stability - at least publicly.
With financial markets calmed by strong policy actions to stem the outflow of bank deposits, the International Monetary Fund and World Bank spring meetings were instead dominated by calls to keep up the fight against inflation, accelerate debt restructuring for poor countries and avoid geopolitical fragmentation of the global economy.
..
IMF Managing Director Kristalina Georgieva emphasized the need to overcome sticky inflation..'
-
Banking stability worries go behind closed doors at IMF-World Bank meetings, April 17, 2023
'..inflation is still at problematic levels..''NEW YORK, April 19 (Reuters) - Federal Reserve Bank of New York President John Williams said Wednesday that inflation is still at problematic levels and the U.S. central bank will act to lower it, in comments that noted recent stress in the banking sector will likely weigh on economic activity.
“Inflation is still too high, and we will use our monetary policy tools to restore price stability,” Williams said in a speech given before a gathering held by the Money Marketeers of New York University.'
-
Fed's Williams: Inflation still 'too high,' Fed will act to lower it, April 20, 2023
Context(Global Stagflation) - 'IMF .. chronically high inflation..'(Global Stagflation) - 'German .. Food prices continued to rise rapidly, up 22.3% year-on-year.'(Global Stagflation) - UK inflation jumps to 10.4%, surprising analysts - 'Food prices jumped 18%..'..Inflationary Psychology Has Set In. Dislodging It Won’t Be Easy.(Banking Reform - English/Dutch) '..a truly stable financial and monetary system for the twenty-first century..'