International Monetary Fund Managing Director Kristalina Georgieva said on Friday that the Fed is acting responsibly as inflation in the US is now turning into an economic and social concern. The IMF's MD warned that interest rate hikes by the Fed could "throw cold water" on what is already a weak recovery in some places. She called what the Fed is doing to communicate the current policy shift "hugely important". 

Market Reaction

There was no reaction to Georgieva's remarks.