According to Jinshi, IMF Managing Director Georgieva said that the U.S. economy is expected to achieve a soft landing as monetary policy cools inflation without pushing the economy into recession. She praised the United States for helping to support global economic growth as other countries' economies slowed.

Georgieva noted that the Fed had been largely "right" to keep interest rates high before cutting them by 50 basis points earlier this month, and she said the United States had helped keep the world economy afloat during this very difficult time.

She also credited emerging markets in Asia with helping to support the expansion. The IMF expects the global economy to grow 3.2% this year and will update its forecasts in the World Economic Outlook at its annual meeting next month.