Golden Finance reported that Gulansha, chief economist of the International Monetary Fund (IMF), said that the Fed's upcoming rate cut plan is "consistent" with the IMF's recommendations. "The message sent by Fed Chairman Powell today is very consistent with our advocacy," Gulansha said during the Jackson Hole conference. "Inflation has been improving and the labor market has shown signs of cooling. If the labor market is no longer fueling inflationary pressures, then you might be able to ease a little bit on the cooling of aggregate demand and return the policy rate to a level closer to neutral." Gulansha said that the United States should not be complacent that inflation has disappeared. He pointed out that service prices are still rising and the Federal Reserve must adjust the pace and magnitude of rate cuts based on the upcoming economic data. "There are still some upside risks to inflation." Gulansha said that despite strong US economic growth, the US job market is clearly cooling as well. He does not think that the United States is about to enter a recession. The probability of a soft landing has increased, which remains the main forecast of the IMF.