Statement for the United States on IMF Article IV Consultation

WASHINGTON - We thank the U.S. mission team, led by Nigel Chalk and Mai Chi Dao, for their policy advice and robust analysis. We broadly concur with staff’s assessment of the U.S. economy, which has proven resilient and continues to see strong growth. We have seen a historic and equitable economic recovery since the start of the Biden Administration, with an expanding labor force and low unemployment, rising business investment, and a significant decline in inflation. The Federal Reserve is adroitly managing the disinflation process. Moreover, the Administration has supported the recovery by taking steps to safeguard financial stability and expand the economy’s productive capacity in a manner that is inclusive and environmentally sound.