IMF sees solid momentum in US economy; says Fed right to hold interest rate steady

WASHINGTON, June 25 (Reuters) - The U.S. economy has seen solid growth momentum and inflation, while still above the Federal Reserve's 2% target, was expected to reach that level by the end of 2027, the International Monetary Fund said on Thursday.

IMF spokeswoman Julie Kozack told reporters that the Fed last week appropriately decided to hold its key policy interest rate, and welcome the strong commitment of the new chair, Kevin Warsh, to delivering price stability.


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