IMF says US should raise taxes, wait until late 2024 to cut rates
==========

The International Monetary Fund (IMF) recommends that the US Federal Reserve should not cut interest rates until late 2024 and that the US government needs to raise taxes to slow the growing federal debt. The IMF's prescriptions were outlined in a staff report from its annual 'Article IV' review of US economic policies. The report also states that the US public debt to GDP ratio is projected to reach 109.5% by 2029. The IMF suggests progressive tax increases, including for those earning less than $400,000 per year, and eliminating certain tax expenditures. President Joe Biden has proposed raising tax rates on corporations and wealthy Americans but not on households earning less than $400,000 per year.

#Imf #UsFederalReserve #Taxes #InterestRates #FederalDebt #EconomicPolicies

https://www.brecorder.com/news/40313699 

 nostr:note19jcu8s9mxutq5f3qahzd9mxfwc8lj4gsksxe6gj4jv7hqaelur5sejf60r