Federal Reserve Chairman Wash: The global economy is more resilient than expected and inflationary pressures have not subsided.

(Central News Agency, Bangkok, comprehensive foreign news report on the 16th) US Federal Reserve Chairman Kevin Warsh said today that in the face of strong economic shocks, the global economy has shown unexpected resilience. Central banks are grappling with rising inflation and rich countries are facing pressure from sharply rising public bond yields.

Agence France-Presse reported that during the annual meeting of the IMF and the World Bank in Bangkok, Washer said at an event hosted by Kristalina Georgieva, President of the International Monetary Fund (IMF), "Almost everywhere in the global economy is showing resilience, which is something I might not have expected 5 or 6 months ago."

Washer said, "Looking back over the past few months, although all parties have taken appropriate actions based on their own judgment and responsibilities, monetary policies have indeed tightened simultaneously in most regions around the world."

"This means that no one is immune. We are facing common problems and we have all taken action. I think this is a positive development."

Global energy prices have soared since U.S. President Trump launched war against Iran in February. Tehran subsequently retaliated against U.S. allies in the Persian Gulf, plunging the Middle East into crisis.

Rising oil and gas costs, coupled with an investment boom in artificial intelligence (AI), have pushed up inflation in many economies such as the United States, forcing central banks around the world to face pressure to raise interest rates.

Many rich economies have successfully brought post-COVID-19 inflation back to target levels, but U.S. inflation has not reached the Federal Reserve's long-term 2% target for more than five years.

Since taking over as chairman of the Federal Reserve Board in May, Washer has pledged that the central bank will fulfill its responsibility to maintain price stability. The Federal Reserve raised interest rates in September for the first time in three years.