IMF's Gopinath says high U.S. demand fueling growth, higher interest rates

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The United States needs to raise revenues to bring down high budget deficits even though they are helping to fuel global growth by stoking domestic U.S. demand, according to International Monetary Fund (IMF) First Deputy Managing Director Gita Gopinath. Gopinath made the statement at a fiscal forum during the IMF and World Bank spring meetings. She mentioned that U.S. deficits are projected to rise for years, leading to higher interest rates and a stronger dollar, which create complications for the world.

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https://finance.yahoo.com/news/imfs-gopinath-says-high-u-165622221.html