IMF Backs Federal Reserve's Decision to Cut Interest Rates

The International Monetary Fund (IMF) has expressed support for the Federal Reserve's decision to cut its interest rate on Wednesday, considering it appropriate given the current economic challenges. Spokesperson Julie Kozack highlighted on Thursday the cooling US labor market and inflation, which is slightly above target but trending toward 2%.

During a regular briefing, Kozack declined to comment on US President-elect Donald Trump's strategic Bitcoin reserve proposal, emphasizing that the financial agency refrains from discussing national policies.

IMF's Commitment to Global Economic Stability

On the international front, the IMF remains dedicated to reconstruction efforts in Syria but has not had direct communication with authorities since 2009. Kozack stated it's too early for an economic assessment. Regarding Ukraine, she announced that the IMF's Executive Board will meet Friday to review a $1.1 billion disbursement to Ukraine, bringing total aid to $9.8 billion.