International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Wednesday that central bankers must be stubborn in fighting broad-based inflation, as reported by Reuters.

"If fiscal policy is not targeted sufficiently, it may become the enemy of the monetary policy, fueling inflation," Georgieva further added.

Market reaction

These comments don't seem to be having a significant impact on risk mood. As of writing, the S&P 500 Index was up 0.3% and the Nasdaq Composite Index was rising 0.5% on a daily basis.